Toronto Luxury Condos Attracting Younger Buyers

Toronto Luxury Condos Downtown

Toronto Condos continue to increase in price and Toronto Luxury Condos are no exception.

Selling at $1,000 per square foot and with sizes of 1,800 to 4,000 square feet, final sale prices are into the millions.

Yorkville saw a record $28 million spent on a Luxury Condominium Penthouse, setting a record for Toronto and the Canada.

According to sales representatives for the various Toronto Luxury Condos, some of these wealthy Condo buyers are younger and well employed.

Of course there are still buyers downsizing from large family homes in Toronto's Rosedale and Forest Hill neighbourhoods.

These buyers from higher-end neighbourhoods are choosing Luxury Condominium suites in projects like The Shangri-La, Festival Towers and M5V, all pictured above.

Attractions for new Toronto Luxury Condos include:

• Downsizing from Luxury home
• Service from the new breed of Toronto Condo-Hotels
• Living currently in a Toronto Condo and moving to a newer, larger suite
• International buyers with business in Toronto
• Increasing interest from Mainland China buyers and South Asia
• Transfer of funds coming down from generations

Toronto Luxury Condos are still considered a bargain when compared to London, Hong Kong and other major cities in the World.

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