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Luxury Condos soar to new heights!!!

Condominiums have long been perceived in the real estate market as one of the more affordable alternatives to home ownership.  And while that is still true in many cases, in recent years, there has also been a noticeable increase in luxury Condos in major Canadian urban centres.  With some of these high end condos, it seems that the sky is the limit when it comes to luxurious appointments and upscale amenities.


The growing trend toward luxury market condos makes perfect sense when you consider the demographics in play.  The Canadian market has seen increasing numbers of ‘empty nesters’ cashing out of their larger homes and moving back to the city to enjoy the condo lifestyle.  These affluent buyers don’t want to compromise on the luxurious appointments they were accustomed to in their previous home.  Condos aren’t just for first time buyers wanting to get their foot on the first rung of the property ladder any more.  These luxury condo buyers are looking for homes that can be 3,000 or even 4,000 square feet or more.  Luxury condo sales in major markets show such features as designer interiors, fireplaces, private elevators, a chandelier in the bathroom, his and her private dressing rooms, wine cellars and much more.  Some of the more upscale condos sold in recent months boast up to 5 bathrooms and 3 parking spots, and offer impressive amenities such as a massage room and dining room with catering.


So if you’re planning a luxury home sometime in your future, or just dreaming about what could be, don’t rule out the freedom and independence of the condo lifestyle just because you want the features that would only be found in a luxury home. 

Today, you can have the best of both worlds. Want to know more about the condo market and pricing within your own community?  Contact me anytime !

Jordan Epstein

jepstein@terrequity.com   

416.495.2208

Published Friday, September 03, 2010 5:49 PM by Jordan Epstein

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