The Motria Group's Market Blog: Condo market appears to be rising faster than the house market
Monday May 13th, 2019Share
Condo market appears to be rising faster than the house market. Condos, particularly in central locations are hot hot hot… If you want to buy a condo you need to jump fast or somebody else will. This includes small and large condos. The demand for large condos is big and supply is low. Hence large condos in prime locations with premium views are selling for big numbers. Add a terrace and the number goes up. Many of these kinds of condos trade privately or stay in families so they are few and far between. Buyers will not only look at the unit but will look at amenities. Some buyers want more amenities and others don’t care. Interesting how the market has shifted to favour condos. The next few years will be interesting.