Are condos just a means to an end, or is there something more to their rise in popularity over the years? This article takes a fresh look at the many reasons why condo living can be an attractive lifestyle for many.
Are condos just an initial step towards real estate investment or for first time buyers only? Or is there more to condo s then just that. This article explores and discusses several factors that have led to the sudden increase in the demand for condos. In case you are considering making a move from a condominium to any other housing style, there are a few things that you should take into account. The most common reason for moving from condos amongst sellers is to get something bigger as it is human nature to expand and as we move on up in our career and life in general, we seek to live in a bigger space. So condos turn to townhouses and then semi detached and then ultimately detached and for some fortunate few mansions. But before we get there lets see the few reasons why condos have gained so much attention from builders, buyers and renters.
Condo lifestyle often comes with a lot of perks and this does not just include the amenities offered by the condos these days. Although, having a recreation room, swimming pools, activity area and party rooms make condos extremely attractive for residents. However, it is more than these factors that has helped in the success of condo living. The rise of condo buildings in the GTA over the last decade has attracted a wide variety of buyers from various arrays of life and this has created a condo lifestyle culture. This culture creates a sense of community amongst the ever-increasing number of buyers.
Areas like liberty village in downtown Toronto and Square One Condos in Mississauga are perfect examples of this community culture. These areas have a lot of community involvement that has attracted investors from all over the world.
Condos are usually what come to mind when you think about convenience in the modern day living. The speed of technological advancement in the last 50 years has proved that it is all about making our lives more convenient and comfortable. So why should it be any different for real estate especially when it concerns our personal space
Condos are associated with convenience and comfortable modern day living and this notion is due to easy access to highways, malls, grocery stores and high-end restaurants anywhere there are a high concentration of condos. Mississauga condos for sale have gained a lot of popularity in the last few years because of its excellent location from a convenience standpoint along with a unique community culture, which is constantly evolving and driving the prices of real estate in this area.
It’s a fact that there are approximately 70,000 units currently under construction in the GTA that are expected to finish construction by 2015. What’s even more interesting is that around 87% of these units are already sold to interested buyers. This is a good indication of the strong demand for condos in the future despite of strict criticism faced by this industry. Also 26% of new construction condos in the GTA are purchased for rental purposes. So be it for investment purposes or primary residences, condos have definitely shaped the modern day living and continue to gain interest from buyers.
