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Townhouse Condos In GTA Suburbs Hardest To Buy Right Now, Data Reveals

Author: 
Robert Van Rhijn
Publication date:
June 4, 2022
Article Summary: 


This blog post discusses the state of the townhouse condo market in the Greater Toronto Area (GTA) suburbs, which is currently experiencing high demand and low inventory. The post cites data from Strata.ca that shows that townhouse condos in the GTA suburbs are the hardest type of property to buy right now, with an average selling price of $800,000 and an average time on the market of just 15 days. The post provides insights on some of the factors contributing to this trend, such as changing buyer preferences for more space and outdoor amenities, as well as the COVID-19 pandemic and low interest rates. The post also provides information on some of the neighborhoods in the GTA suburbs where townhouse condos are in high demand, such as Mississauga and Brampton.

Keywords: 

townhouse condos, GTA suburbs, high demand, low inventory, average selling price, time on the market, changing buyer preferences, COVID-19, low interest rates, Mississauga, Brampton.

Source Citation: 
Robert Van Rhijn
Townhouse Condos In GTA Suburbs Hardest To Buy Right Now, Data Reveals
June 4, 2022
https://strata.ca/blog/townhouse-condos-in-gta-suburbs-hardest-to-buy-right-now-data-reveals
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