Toronto condos >70% of new housing; avg. price near $700K; competition high.
Layout beats size: 550 sq-ft can feel bigger than 650 sq-ft.
Maintenance fees rise; some Toronto buildings saw >10% increases over a few yr.
Low reserve funds raise special-assessment risk; management quality shapes daily living.
Visit multiple times; check noise, micro-location, and future development before buying.
Toronto-area new home sales rise, but remain below 10-year average
Toronto-area new home sales rose 16% in February to 531 units but remain 76% below the 10-year average of 2,250. Despite the slow market, sales are expected to increase due to reduced provincial sales tax,...
