Everyone is complaining about price per square foot of Toronto Condos. On the pre-construction end, according to CMHC pre-construction condos at launch are carrying a 12% premium on newly registered units that are just coming on the market (there is a 25% premium for pre-construction condo market over the resale condo market overall). I expect this trend to continue this year. Many projects in the downtown core are expected to push the average price per square foot higher because they will be priced higher than average and because they introducing a lot of units. This not a bad thing necessarily, 2012 may be remembered as the year of Location Location Location. The location of these projects carry so much cachet that they should be higher than average condo out there. Examples of these projects include:

  • 1 York by Menkes. 1426 Units
1 York/90 harbour st streetview
  • 460 Yonge by Canderel Stoneridge. 599 Units
Investment potential of these projects won’t be complete until I get a hold of all the information, but all these areas have great location fundamentals. Can’t wait to see how it turns out.