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.
Sales are up and listings are shrinking. Is now the time to buy a home in Toronto?
Canadian home sales rose 5.5% month-over-month in May, marking the first significant increase this year. In the Greater Toronto Area, sales increased 6.3% year-over-year, while average home prices fell 4.6% to about $1.07 million. Buyers...
