Condo Purchasers Motivated by Wealth and Lifestyle, but Also Want Value

Condo Purchasers Motivated by Wealth and Lifestyle, but Also Want Value
Rendering of the Edge Galleria. Courtesy of Solmar Development Corp.
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The Greater Toronto Area’s thriving condo market is primarily being driven by wealth and lifestyle factors.

Savvy GTA buyers have realized by investing just 15 percent as a deposit on a new pre-sale condominium, they can leverage the entire value of the condominium and earn a return on 100 percent of its value, without having to carry the property or have to deal with tenants.