If you’re looking to buy a condo, there’s arguably no better place you could go than Toronto, Ontario. As Canada’s largest and densest city, there was no option other than condos and apartments to accommodate all of the people wanting to live there. Though moving into a condo from a house necessarily means getting rid of your garage contents and patio furniture, condos offer you the chance to live close to where the action is.
For those who are moving from a small town or even another city, living in Toronto will be a major adjustment. There are over five million people living in the Greater Toronto Area, making the city the fifth largest on the continent. Wandering around looking for a property you will see representatives from many different cultures and nationalities. In fact, Toronto is so multicultural that you’re likely to see Filipino marching bands and Chinese dragons with Scotsmen at their heads in a Saint Patrick’s Day Parade. About 49% of Torontonians were born outside of Canada.
Toronto has been rated among the world’s most livable cities, but the reason so many immigrants and other Canadians alike find moving to Toronto so attractive is its economic prosperity. Toronto is a major world financial center, a home to hundreds of big businesses, the entertainment and shopping capital of Canada, and a popular tourist destination.
Living in a downtown condo and working nearby is the ideal situation for most young urban professionals, because it allows them to stay close to all the events and entertainment available in the area. There’s the Harbourfront Centre and parks for walking and recreation. There are the theaters, arenas, and cinemas for plays, sporting events, and concerts. There are the convention centers for trade shows and festivals, and there are plenty of shops and markets. Though there’s a lot to do in other areas of the city as well, many downtowners rarely find it necessary to leave the area.
So how much will it cost you to buy a property in Toronto? Well, they’re not cheap. But you should always be on a lookup. Now is the great time for you to buy a new condo in Toronto as there is a opportunity to buy condos in 489 King Street West that are still in pre-construction stage at exclusive prices from West Bank. Depending on what type of condo you want and where you’re planning to buy it, prices vary considerably. For instance, a luxury condo in Lawrence Park North cost around $800,000 on average, while you can get a standard condo in the Brampton area for around $250,000. Other popular neighbourhoods in the city include North York, Willowdale and Bayview Village.