Pre-construction allows buyers to create a custom living space by selecting their preferred features. Here's how the market compares between Toronto and Montreal. housingmarket realestate realestatenews
Who’s Buying?Investors in Toronto have taken a liking to high-rise developments, while end-users prefer low-rise buildings. The city’s core is now returning to its usual bustling vibe after almost three years of quiet. Investors are eager to get a slice of the pre-con high-rise cake, but notably, end-users aren’t doing the same. Instead, they’re showing more interest in low-rise projects.
In both cities, the current buyer demographic is vast, and includes a substantial surge in “right-sizers” between the ages of 55 and 75; these buyers are often interested in penthouses and larger $1.5-2M units. Toronto is also seeing a rise in first-time condo buyers — the most affordable entry point to the homeowners market.when buying any property.
In Montreal, buyers crave views first and foremost. They’re also seeking expansive closets, outdoor space, and proximity to transit.