When it comes to real estate, there is one popular choice among young Toronto professionals looking for a place to put their heads on their pillows. Toronto is Canada's condominium paradise, a place where a person can find virtually any type of development and unit they are looking for. The exponential growth of the city, along with skyrocketing real estate prices, has meant that many of the downtown neighbourhoods include dozens of condominium projects of all shapes and sizes.

The most desirable of condo units, of course, are those located in the heart of the city, particularly the ones which overlook the beautiful scenery offered by Lake Ontario. These developments tend to be on the luxurious side; you won't find many Toronto waterfront condos selling for less than $300,000.

There are also luxury condo buildings which offer a view of the cityscape, most notably ones which overlook parks and other greenbelts within the city. Again, these units tend to fetch high prices, the developments themselves soaring high into the sky. Another part of the Toronto real estate market, these units are popular with executives working in the business districts of the city as well as Toronto based celebrities.

Those interested in more affordable living spaces need not worry, as there are plenty of modest condo developments throughout the city as well. You will find mid rise Liberty Village condos at decent prices, perhaps not with the view offered by those on the harbour front but conveniently located nonetheless.

Aside from the view, another big difference between the luxury and more modest developments are the amenities they offer. The newer, posher, projects include dozens of different opportunities for residents, from exercise rooms and pools to banquet facilities. If you want to pay less to buy, not to mention lower strata fees, you'll have to settle for a few less amenities.

Those interested in developments in Toronto don't have to limit themselves to traditional condo units, either. As with many major cities in North America, Toronto has seen a rise in the popularity of loft condos, both new and conversions. They offer a little less restriction on living space, and are popular choices among those looking for Toronto condo rentals.

Luxury or modest, loft or condo, waterfront or in the middle of town, there is a condo in the Toronto market to suit you. Contact an agent to find the perfect unit today.