By Condo Culture
Location, location, location is a common phrase that’s often thrown around in the real estate business, and when it comes to condos, location is such a key factor when people are deciding to buy, sell, rent, or invest in a property.
Every market and every condo development specifically, has different pricing - our goal for this article is to showcase what your money will get you and where using data from Toronto and Kitchener - Waterloo (KW) to provide insightful comparisons.
__Current Toronto/GTA Pre-Construction Pricing __
Note that the below Toronto/GTA examples are expected to be move-in ready in the next few years, and some actually began selling in 2021 and in years prior, so the KW examples are even more attractive when you also factor in the significant time differences.
Expected Kitchener - Waterloo Pre-Construction Pricing for 2022
Pre-construction condo pricing within KW is quite attractive, and in fact, on average, is 60% of the cost of Toronto-based units while garnering 80% of rental income.
Aside from the favourable numbers outlined above, there are also other key reasons as to why investing in KW is worth pursuing including being the fastest growing community in Canada, its central location, the low-cost and quality of living, the area is home to world-class academic institutions, and much more - check out our top 6 reasons to invest in Kitchener - Waterloo.
To see what your own condo is worth, or to learn more about KW pre-construction condo opportunities, get in touch with us so Condo Culture can help to make all of your condo hopes and dreams come true.