| June 23, 2004 |
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Toronto Realtors report a strong seller's market in waterview condos.
Elbirt suggests, "Toronto's Lakeside condo resale market continues to be a hot market, with the average price for Toronto lakeside condos properties up at $294,002, up from $283,269 in April, 302 sales, 37 days on the market. Toronto downtown's lakeside neighbourhoods continue to draw buyers with listings sold within an average of 98 percent of asking price."
"Waterfront apartments and wide range of attractions, from avant garde art (Power Plant Gallery), DuMaurier Theatre to sailing, antiques, biking and jogging," says Roland, "are nearby. Toronto has one of the best city walking areas along waterfront trail and parks. From your 18th floor condo you can see yachts at the Royal Canadian and Queen City Yacht Clubs. Harbourfront Centre has year-round activities but the International Festival of Authors puts it on the world stage. It's demographically not a family area but more middle to upper income couples and professionals. Excellent public transit and road system. One bedrooms start at $195,000 and 2 bedrooms $325,000 with many apartments up to $500,000 and even higher."
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