Toronto's Hottest Condo Neighbourhoods by Dollar Value
The Toronto Condo market continues to thrive. We are seeing changes in many areas but the central Toronto Downtown and midtown neighbourhoods are very strong.
C-1 area ( Waterfront, Business and Entertainment,Bay Street Corridor and Yonge - Church Corridor) has continued to see and increase in value and square footage. The rise has been less consistent than previous years but you are still seeing your investment value rise over last year.
C-2 Neighbourhood (Yorkville and Midtown) has lost a slight amount but most of this loss is the high end condos in Yorkville. In fact the rest of the area has had solid increases over the past year and many of the condos in Yorkville has not lost dollar amounts.
C-3 Neighbourhood - (Midtown and Yonge and Eglinton) has also increased in value. We are seeing a larger increase in some hotspots such as St. Clair south to Davenport along Yonge Street and the Yonge and Eglinton areas.
C-9 Neighbourhood is seeing a loss in dollar value especially in the Rosedale area but the loss has not been significant.
Overall if you are thinking of selling now is a very strong time as unfortunately the crystal ball is tougher to read the future.