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Toronto’s East End has the Hottest Real Estate Market in the City

As we follow the market’s ebbs and flows, it has become clear that some of Toronto’s most popular neighbourhoods are not in the trendy west end, but in the east.

Homes east of the Don River spend the least amount of time on the market – averaging a mere 12 days on the market compared to the city average of 21 days.  The beach itself among the shortest gestation periods, with an average of just 13 days on the market in 2015.

Despite soaring home prices, sale times across the city have been declining over the past decade.  This can mean two things; a shortage in affordable single-family homes, and a need for alternative solutions to affordable housing.

While other areas in the city offer lower home prices, it becomes clear home buyers are looking for more than just a low price; they want for a family- and community-oriented neighbourhood, neighbourhood amenities like local, small businesses and a high walk score, access to transit, schools, good restaurants… the list goes on.

Many bidders in the city are first time buyers, or young couples looking to upgrade to a comfortable, quality home that is also affordable.  A rare commodity in recent years if one is not willing to look at alternatives to a white picket fence and backyard.

Enter Kingston&Co. Condominiums, a mid-rise condominium project in the Upper Beach, featuring retail, amenity spaces and brand new, high quality finishes with multiple unique floorplans to fit one’s needs.  With low inventory of the single family home at a reasonable price available, the condominium alternative is fast becoming a popular option.  Here, each homeowner has access to all of the neighbourhood amenities – and in the Upper Beach specifically, access to the waterfront within a few minutes – as well as local coffee shops, schools for all ages within walking distance and access to transit steps from your door.

Looking at the market trends, and the inventory available, considering the condominium option is worthwhile.

To read more about the market trends across the city, and how they’ve changed, read here.