Jump Into The Toronto Condo Market Bounce-Back!
The last year will be remembered as a time of unprecedented growth and opportunity in the GTA’s real estate market. As 2020 wrapped up, investors, buyers, and sellers all saw new value in the 905 region, so much so that it passed Toronto in new condo sales – a historic first! From Burlington to Barrie, buyers snapped up new condo units as they hit the market. But what about Toronto? Toronto had to share the spotlight at the end of 2020, but trust us, the Toronto market is back in full force in 2021!
By the end of Q1, Toronto’s new condo market had surpassed pre-pandemic levels of units sold (2,829 in Q1 2020 vs. 2,886 in Q1 2021) and price per square foot ($1,343 psf in Q1 2020 vs. $1,419 psf in Q1 2021). The inventory of available new units in Toronto is recovering from the pandemic, but only 44% of construction activity across the GTA is taking place in Toronto.
With so much interest, but limited products, many are left wondering how savvy investors can take advantage of Toronto’s 2021 upswing. Eleven Eleven’s answer is simple: invest in a boutique new condo building that maximizes opportunity for returns. Marla on the Park is that project. Boasting only 28 units, Marla on the Park sits in the sweet spot of an intimate condo experience in the city at an accessible price point. As an intimate community with easy access to extensive urban amenities, major highways and public transit, and green space, investors can rest assured they’ve found a project with end-user appeal. Marla on the Park’s spacious units give residents the space they need to enjoy city living at its finest!
Many condo buyers look outside of Toronto for accessible price points, but Marla on the Park provides an approachable price without leaving the city. While Toronto’s new condo prices average $1,419 psf, Marla on the Park makes purchasing in a sought-after city comfortable at $1,050 psf. At this price, Marla on the Park is well-positioned to grow along with Toronto’s condo market bounce-back. High-end appliances, 10-foot ceilings, luxurious balconies, and units designed by the award-winning RAW architects means purchasers compromise on nothing. Toronto’s new condo market is making up for lost time. Make sure you’re not left behind!
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For more information on our services and how Eleven Eleven can help you with your next project contact us at (416) 588-5100 or via our contact form.
If you are interested in learning more about Marla On The Park please click here for more information. You can also contact sales representative Scott Stein at sstein@1111realty.ca.
