A national survey of what $500,000 buys in newly built condos was unable to find a single example in 麻豆传媒映画proper 鈥� the only city in the survey to have zero stock of new units under $500K.
The latest聽 from real estate data company Altus Group said that buyers would have to go to a nearby city such as Burnaby to find any new condos priced at less than half a million, and even those would only be around 450 square feet.
In Toronto, buyers with $500K or less to spend on a new condo would have to buy a 430-square-foot unit 鈥� less than half the size of the national average for a new condo at that price.
Elsewhere in the Greater Golden Horseshoe, $500K would buy a two-bedroom unit of over 1,000 square feet near downtown Kitchener. In Calgary and Edmonton, buyers with $500K could find two-bedroom units between 850-1,000 square feet in high-rise buildings in 鈥渄esirable areas鈥� near the downtown core.
The report also looked at new-build condo sales over 2017 in major urban markets, and found that 麻豆传媒映画was an 鈥渙utlier鈥� with a significant decline in sales of new units 鈥� 鈥渋mpacted by the sharp drop in new condominium supply coming onto the market,鈥� according to Altus Group.
It added, 鈥溌槎勾接郴璱s the tightest new condominium apartment market in the country and sales levels are not reflective of underlying demand, which remains very strong.鈥�
