Toronto condos have almost become a more popular option than purchasing a house. The sense of community within the condo buildings - and shared maintenance costs - make it so condos can offer more to the buyers through amenities, location, and desired surrounding atmosphere.
Toronto is a city constantly growing. Over the years, the city has started to grow upwards instead of outwards. One reason is because of the demand of living spaces in the city area - plus Greater Toronto Area (GTA)
- and another reason being the convenience / cost effectiveness of building condos compared to houses.
Toronto condo amenities are usually the same in all building complexes - give or take a few. Majority of the time, each room is equipped with its own washer and dryer. Other amenities for the community includes; saunas, pools, gyms and fitness rooms, meeting spaces, and a variety of party rooms.
The new Luxury Toronto Condominiums are pushing the amenities forward with offering things like virtual game rooms and even theatres. Don't want to drive anymore? Some luxury condos have a shuttle service available just for that community - talk about saving money and the environment.
Toronto condos have literally popped up in almost every neighbourhood in the city and in each neighbourhood brings varying amenities, sizes, architecture, and cost of purchasing / cost of living. Something to look at before purchasing is what neighbourhood you prefer - and can afford - since the communities change from region to region.
The best place to start - since the number of Toronto neighbourhoods
is huge - is if you want to live in the east end, west end, uptown or downtown section of Toronto. Even these huge divisions are different from one another in price, culture, and style.
Condos in the east end include neighbourhoods such as the Beaches, Greektown, Riverdale, and Little India (Gerrard Street). The condos here have a nice variety of upscale and moderate pricing. The community of this division is based off middle-class and comfortable living, as well as some great cultural neighbourhoods.
Condos in the west end can be found in neighbourhoods such as Little Italy, Koreatown, Portugal Village, High Park, Mirvish Village, Little Poland / Roncesvalles, and Bloor West Village. This division of Toronto has expanded over the years, and condos have become a major part of its real estate. Prices for some west end condos can be up in the millions, but as with the east end there is a good variety of price points.
Condos uptown Toronto are high end and luxury, especially compared to the west and east end. It also has some of the oldest Toronto neighbourhoods, such as Rosedale, Forest Hill, Summerhill, Yonge & Eglinton, Lytton Park, and Davisville Village. Find the best in luxury condos in any of the uptown neighbourhoods as well as nice sized spaces. It is like you are living in the heart of downtown Toronto but with more living room!
Condos downtown (central) Toronto have quickly dominated the real estate market. In the past few years, the big developments in the city of Toronto have been the waterfront condominiums facing Lake Ontario. They have quickly become a prime location for those who can afford it.
The amenities in these Luxury Condos are top of the line, and are often connected with neighbouring condos in some way. The condos can be on the small side compared to those in the east or west end, but when you walk outside you are in the centre of Toronto.
Condos in the Greater Toronto Area (GTA) gradually have been built up. The regions of the GTA include; East York, Scarborough, Etobicoke, North York, and York. You can find a broad range of condominiums in pricing, amenities, square feet, and communities.
Renting condos in Toronto is becoming increasingly popular. You get all the great amenities, beautiful living space - not to mention ensuite washer and dryer - for a fraction of the cost. It is a really convenient option for someone coming to Toronto or wanting a living space for just a few months. Since you are dealing with the owner of the condo instead of a landlord, there is a huge amount of flexibility.
If you are a condo owner looking into renting yours out, be sure to promote not only your buildings amenities but also the neighbourhoods. Potential renters will be looking for items such as; parking spaces, close public transit TTC, grocery stores, medical facilities, nearby entertainment, and other shopping facilities.
Condos in Toronto are becoming a better option for many different people and lifestyles as each Toronto neighbourhood has their own with differing prices and amenities.