Condo market feels heat as house prices soar

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This article is called Condo market feels heat as house prices soar. It was posted by Susan Pigg and appeared on The Star website. It was published on March 31, 2015. This article discusses about a  demand and competition for bigger and unique condos because the prices of houses are too high and are climbing in Toronto. This leads to bidding wars against buyers for condos and buyers are bidding way higher than the asking price. For instance, recently a two bedroom condo was sold for $15,000 over the $419,900 asking price at 77 Maitland Place in Toronto. Luckily, right now the interest rates for houses are low and buyers should take advantage on that because you know that won't last long and interest rates will eventually go up.
 
Reference:
 
Pigg, S. (2015). Condo market feels heat as house prices soar. Retrieved from The Star: http://www.thestar.com/business/real_estate/2015/03/31/condo-market-feels-heat-as-house-prices-soar.html
 

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