Quote:
Originally Posted by davidcappi
Pretty much the reason why I'm hesitant about buying in a new build. Our 2 bed in an older (think 50s-70s era mid rise) is 1,100 square feet not including the balcony which is about 72 square feet.
That kind of unit just doesn't exist in new builds aside from the PH units.
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It does exist, but the price point isn't cheap. In both Phases of the RC, we had two bedroom, two bath units with balcony at over 1,100 square feet. The price point was very reasonable as well. We had 1,200 sq ft units starting at the high 300's- low 400's. This was a couple of years ago. It goes to show how drastically the condo market has ramped up over the last couple of years. Those same units would go for high 500's-low 600's in this present market.
The market and the inventory is beginning to look similar to Toronto. Not quite there yet, but gradually getting there...