For this study, I will only compare the private condominiums as there are smaller units to compare with. Here, I will compare the past 20 transaction and exclude those resale units. I will separate the data into below 1,000sqf and above 1,000 units.
Here, I have compiled the data as follows:
Transactions that measure less than 1,000sqf have achieved an average of $220,000 in profit and a 2.6% annualized return. On the other hand, transactions that are greater than 1,000sqf achieved an average of $360,000 in profit or a 3% annualized return.