While there are many sections of the country and North America that are still recovering from the financial crisis that happened at the end of 2008, condo sales in the Greater Toronto Area actually hit a record for the first part of 2010. There were more than five thousand units sold within the first three months of the year, which was a figure almost six times higher than the same period in 2009. And there are some buildings, from those on Bloor to King West condos that are selling before construction is even completed.

Those that are interested in buying a condo unit in Toronto or one of its surrounding communities are likely wondering how much money they will need to spend. One of the ways to gage what you can afford is by looking at the average price per square foot. This is because when looking at a two bedroom in French Quarter 1 Condos - 120 Lombard St. you might find that there is much more space or much less than another unit in Mississauga or Oshawa. Here are some of the latest figures when it comes to price per square foot in and around Toronto.

When looking at asking prices the average within the city is now just over $500. There are also some buildings that are going for well over $800 in the most prime locations. This is for unsold new condo developments and does not represented resales. The average price when looking at buildings with limited amenities and resales is closer to $200. There is a lot of diversity within these numbers. Some people are willing to live closer to the boarders of the city while some want to be right downtown in places like Liberty village condos.

Moving west of the city, the average price per square foot for a new development in Mississauga is around the $350 mark and it is possible to get a resale unit for as little as $100 per square foot. You will find similar number when looking for a home in Oakville or Brampton. When people are going through their mortgage calculator Toronto this is why many will opt to commute in favour of being able to afford a lot more space.

On the east side of the city home prices are a little cheaper than on the west side. The average price per square foot for a condo in Oshawa or Whitby is around $325 for a new development and $100 for a resale condo. Again, these prices are much more affordable than you will find with Toronto condo real estate listings and you still have the option of living within the city core, along the water, or nearer to a major highway for a more direct commute.