The awesome folks over at Buzz Buzz Home created an infographic to demonstrate what exactly is going on with the Toronto condo market sales in 2011. The Toronto condo sales infographic is pretty interesting and demonstrates that condo sales in the greater Toronto area are skyrocketing.
Among the interesting findings:
- Condo prices in Toronto jumped from $314,000 in June 2006 to $462,000 in June 2011.
- Over 66% of home sales in the greater Toronto area in 2011 were condo units.
- The average age of a first-time condo buyer in Toronto is 33 years old.
- The top 3 motivators for condo purchases is price, low maintenance and location.