Aura Condos


What we know is that Condo prices continued to rise from October through to February. With the COVID-19 lockdown, what was the impact after that point? We looked at three sales at the Aura Condos at 386 Yonge St:Downtown Condo Prices

Looking at the price/sf over 2020, it is only since June that prices have decreased about $50/sf. For an average sized Condo, the price decrease is only about $30-40,000 or about 5-7%. Out of 995 units in Aura, there are only 41 for sale or 4% of the total. That would be a normal turnover and we don’t see a ‘race to the exits’ as some forecasters have suggested.