: 416-465-7527
: [email protected]
MENU
: 416-465-7527
: [email protected]
  • Home
  • Hi. I’m David
    • Want to Know More About Me?
    • What My Clients Have Said
    • Contact Me
  • Sell
    • Why Sell With Me?
    • Selling Your Home in 6 Steps
    • Advice from Real Sellers
    • What’s Your Home Worth?
  • Buy
    • Why Buy With Me?
    • Buying a Home in 8 Steps
    • Advice from Real Buyers
    • Buying Your First Home
    • Should You Buy an Income Property?
    • Find a Home (With My Help)
  • See Properties
    • See My Featured Properties
    • Start Your Home Search
    • Search For a Home by Neighbourhood
    • See Homes in High Park and Roncesvalles For Sale
    • See Homes in The Junction For Sale
    • See Homes in The Junction Triangle For Sale
    • See My Sold Properties
  • My Neighbourhood Guide
    • See All the Neighbourhoods
    • What’s Your Lifestyle?
    • Ex-Burbs
    • Established
    • Urban
    • Emerging
    • Hip
  • Blog
  • Get The Coffeytime Report
  • Home
  • Hi. I’m David
    • Want to Know More About Me?
    • What My Clients Have Said
    • Contact Me
  • Sell
    • Why Sell With Me?
    • Selling Your Home in 6 Steps
    • Advice from Real Sellers
    • What’s Your Home Worth?
  • Buy
    • Why Buy With Me?
    • Buying a Home in 8 Steps
    • Advice from Real Buyers
    • Buying Your First Home
    • Should You Buy an Income Property?
    • Find a Home (With My Help)
  • See Properties
    • See My Featured Properties
    • Start Your Home Search
    • Search For a Home by Neighbourhood
    • See Homes in High Park and Roncesvalles For Sale
    • See Homes in The Junction For Sale
    • See Homes in The Junction Triangle For Sale
    • See My Sold Properties
  • My Neighbourhood Guide
    • See All the Neighbourhoods
    • What’s Your Lifestyle?
    • Ex-Burbs
    • Established
    • Urban
    • Emerging
    • Hip
  • Blog
  • Get The Coffeytime Report

Is There Such A Thing As An Age Appropriate Condo?

May 16, 2013 | Age Appropriateness, condos, cottage owners, Liberty Village, Toronto

For a long time, there have been certain undeclared turf rules about condominiums in Toronto. Rules that have to do with the age of the condo owners. Buying a condo, like every day life, has a certain level of age appropriateness. Just what do I mean by that? Well, it’s not a judgement like: Any one who is above the age of 18 should not be riding a skateboard. But, there are certain condos that attract different age groups. 
In Toronto, there are neighbourhoods that are younger. Liberty Village seems to be largely for those in there 20s and 30s. If you have a dog, in addition to your youngness, even better. Any older, and you may feel like the adult chaperone at a high school dance, though I do know many 40 plus Torontonians who are happy clients in these parts.
It is true that young people are more likely to buy condos since they are overwhelmingly first time buyers, and  houses are increasingly getting out of their price range. Condos seems like a natural fit for the young. This trend will continue in Toronto in the years to come. There are still some houses for sale for first time buyers, but there will be fewer and fewer as the years pass.

The younger set also like condos because they can live right in the city as a first time buyer. One young client, who is selling his condo, said to me this past weekend: “Me and my girlfriend are moving to Oakville. Toronto was for fun.” So, there is a view out there that Toronto is a kind of playground for the young and the single. A place to have fun and be all Sex In the City. Then, you go the burbs to have kids or get a bigger place.

On the flip side of that, you have the older people condos. Traditionally, these buildings were built in the 80s, have huge maintenance fees and are prone to having a fussy condo board.  The upside is that they are quiet, and the units are enormous. The young may be easy going and light, but wow, they sure like to party. At least that’s the commonly held belief. Seniors like condos because they are easier to maintain and there’s no stairs.

For a long time, I found that these ages didn’t mix much in condoland, but I’m starting to see a bit of a shift. 
Recently, I have seen a huge surge in the numbers of people who want to buy a condo because of the ease of owning one. I see Empty Nesters in their 50s and 60s ditching their suburban house and all the yard work that comes with it for a trendy condo near theatres and coffee shops. I am surprised at how many foodies there are, of all ages, that need to be in the city, walkable distance to good restaurants.
I’ve also noticed a large number of cottage owners that prefer to have an easy place to keep in the city, but a house on the lake in the warmer months that they can work on.  They want to be able to lock and leave their condo for weeks. 
And I’m also seeing a lot more young people interested in buying older condos for the bigger space and the quiet, older neighbours. Let’s face it. Some younger folks work long hours and can certainly appreciate the quiet. 
Now, it’s not like all the walls are coming down. Most people over 50 still ask me why a converted loft has all the pipes exposed.  “Hasn’t the ceiling been finished yet?” they wonder. And young people do tend to gravitate to the places where all of their friends live. 
But I think the mixing of ages that I’m seeing is a sign that Toronto is maturing and becoming more interesting. It seems to be attracting more people who are drawn to the lifestyle of the city. Cities of the past used to imply a kind of alienated place where people can get lost, and be alone around millions, but what I see now are the formation of neighbourhoods and condo boards that foster community and interaction. And that’s a good thing for any age. 

FIND POSTS BY:

The Latest in Toronto Real Estate, Delivered to You.

Want to know what's happening in Toronto real estate? Signup today, and join 500+ people just like you that are already being kept up to date.

  • This field is for validation purposes and should be left unchanged.

Changed your mind later? No problem. You can easily unsubscribe in one-click. I'll never send you anything you haven't signed up for.

David Coffey, Sales Representative

: 416-465-7527
: [email protected]

Bosley Real Estate Ltd Brokerage

169 Danforth Ave
Toronto ON M4K 1N2

FOR BUYERS

  • Advice from Real Buyers
  • Buying a Home in 8 Steps
  • Buying Your First Home
  • Find a Home (With My Help)
  • Buying an Income Property
  • Start Your Search
  • Why Buy With Me?

FOR SELLERS

  • Advice from Real Sellers
  • Selling Your Home in 6 Steps
  • What My Clients Have Said
  • What’s Your Home Worth?
  • Why Sell With Me?

HAVE A QUESTION? CONTACT ME RIGHT HERE.

Don’t want to fill out a form? You can click here to send me an email or call me at 416-465-7527.

  • Hidden
  • This field is for validation purposes and should be left unchanged.

COPYRIGHT 2023 - DAVID COFFEY | LEGAL AND PRIVACY | WHAT'S YOUR HOME WORTH? | CONTACT ME

MADE BY ARTIFAKT DIGITAL