Increasing Trend of Condominium

Our homes are increasingly becoming a reflection of our distinct tastes and lifestyles which are the results of proliferation of today’s renovation and design ideas. In order to cater to specific cultures and aesthetics, entire condominium developments are created.

For busy Torontonians, style and ease of living are very much important. According to a TD Canada Trust poll which was conducted in April 2010 it was found that Canadian are mainly attracted towards condo living as it involves less upkeep. In addition to this more maintenance fees are paid by them willingly as compared to the residents of Canada’s other large cities.

The benefits of condo living have been recognized by the Torontonians. Within a little more than a decade, it has converted into a vertical city; a city where in three homes one is condominiums. Almost 60% of resale transactions are condominiums in central Toronto.

The amenities provided in condo are now viewed by many people as an adjunct to private living space. Many significantly enhanced standard features are looked at; these features include fitness facilities with current pools, spas and yoga studios, and indoor basketball courts. Lush rooftop garden with gas barbeques and fire pits, billiard lounges and even dog washing stations are now-a-days included in condominium development.

One will never have to leave the comfort of building as all the services are available therein. These facilities will include libraries, theaters, bars, and in some cases, housekeeping and room service.

Due to all these factors, around condo developments a strong sense of community has grown among groups on social networking sites which will provide opportunities for neighbors to be connected with each other by just a single click.


City Centre Real Estate Ltd., Brokerage

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