Downsizer condo hunters are attracted to The Annex's lively street life and vibrant culture
Downsizers seeking a condominium in The Annex in 2015 found a wide variety of product to choose from. Statistics from the Toronto Real Estate Board show that in 2015, there were 199 sales of condo apartments. Over almost 11 months, the average rate of sale was 18 units per month. The price range was wide, spanning under $300,000 to over $10 million. At the time of this writing, the average price for an Annex condominium is $1.1 million.
Empty nesters wanting to settle in The Annex are advised to have their agent educate them in the real estate market prior to taking the plunge. Touring every available property in your target price and size range will give you a sense of where the market is at present. Seeing all the options also prepares you to act quickly when you find the right apartment.
Downsizing in Toronto’s market is an opportunity-driven exercise. Prepare today for tomorrow’s opportunities.