condominiums.ca , your premiere condominium source

Blog   Facebook  Twitter

Blog

Ontario Condos Selling Out in One Day

 

In today’s hot housing market, we are used to seeing bidding wars on single-family homes in Toronto, the GTA and Ontario. Indeed, any such dwellings on the open market reap an onslaught of multiple offers, jacking the final sale price up by hundreds of thousands of dollars. Many of us have become used to this real estate reality, but did you know that condos in Ontario have now begun to be valued just as much as single-family homes in Ontario?

Recently, Surface Developments, an award-winning Ottawa based condo builder specializing in low-rise custom designed projects sold out their new Parkdale Market Lofts project in less than a day. The 25-unit boutique condominium, located at 12 Hamilton Street in the heart of the Parkdale Market in Hintonburg, features open-concept New York style lofts geared towards the empty nesters and millennials looking to live in an affordable space close to everything with views of both city and green space.

Surface Developments president, Jakub Ulak knew the solid design, price and location offerings of the Parkdale Market Lofts development would make it a successful project but still, he was taken aback by the record-breaking sales. "I expected a good response, but we had to start cancelling appointments with potential buyers the afternoon we launched, that's how quickly the units sold, a lot of people were left disappointed."

There’s no doubt about it, savvy homebuyers in Ontario have come to realize that condos are a spacious, less financially burdensome, and easier living alternative to single-family homes. It makes sense then that many condos in Ontario are now being sought after in the same frenzied way as single-family homes in the region. Of course, there are still many condo suites sitting for sale on the open market. So this begs the question, what makes certain condo units sell with the same vigor as single-family homes?

If you ask Mr. Ulak his opinion on this question he has a lot to share. He attributes the sales success of a condo to the following factors; great location, low condo fees, close to transportation, custom finishes, opportunities for buyers to work with architects one to one or virtually to design the condo in question. Mr. Ulak makes great points; if a condominium can offer you value, quality, location and customization why not join other on trend Ontarians, and make it your home?

 

Lara Watson is a journalist and real estate writer living in Toronto.



 

new condo listings

Don't see what your looking for?  Our new Notify Me function will notify you as soon as it comes up for sale or rent!
 

Free Condo Evaluation

 

 

 

 

 

Toronto Condos

Curbed.com New York

Seattle Condos Blog

condoadvisor

Search the hottest listings from 1 bedrooms, 1 plus dens, 2 bedrooms, 2 plus dens and 3 bedrooms.  Find it all here with your premier condominium source.

Robert Gidwani and Sayra Bidani    Salesperson    Century 21 Innovative Realty Inc. Independently owned and operated    Direct 416-888-0382 

 

Popular Searches: Toronto Condos for Sale Toronto New Condo Developments  Scarborough New Condo Developments  Scarborough Condos for Sale  Markham Condos for Sale  Etobicoke Condos for Sale  Etobicoke New Condo Developments VIP Condo Corner

About Us Site Map  Advertise  Careers  Privacy Policy  Client Login

 

© Copyright 2000-2015 Condominiums.ca / All Rights Reserved.

Designated trademarks and brands are the property of their repective owners.

 

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 5/25/2017 2:06:51 PM