Avis Team Blog

Why Luxury Condo Sales Are on the Rise

Why Luxury Condo Sales Are on the Rise

13 Oct

According to a RE/MAX report, luxury condo sales are on the rise! It appears that baby boomers have begun to downsize! Chris Alexander, Regional Director, RE/MAX Integra, states that “the main two reasons for the year-over-year rise in condo sales are baby boomers finally starting to downsize and developers aren’t building that many large units, so its contributed to price appreciation.” These baby boomers want space and accessibility to transportation. “They like theatre and going to sports games,” Alexander added. With a lack or inventory of large condos in the  GTA, The Insignia project in Oakville was designed with the baby boomer in mind! Units range up to 3100 sq ft so there is no need to get rid of the dining room table! Buyers love the convenient location close to the Go Train for access to Toronto and Niagara. South facing units take in the stunning view of 16 mile creek. Labelled ‘Boutique Luxury” there are only 29 units with almost half already sold out. Occupancy is projected to be S   pring 2019, lots of time to plan ahead. Please visit our website at www.theinsignia.ca for floor plans and further information, or visit our sales office at 229 Lakeshore Road East in downtown Oakville.

Source: RE/MAX Ontario Atlantic Canada Inc. http://blog.remax.ca/remax-2017-spotlight-luxury/