Toronto is an expensive city, especially when it comes to real estate. For many, buying property is prohibitively costly, given the average price of a detached house is now just over $1 million.
A recent article in BlogTO features a map created by Skyview Suites that charts the average sale prices of homes (and their equivalent condos, or units with three-plus bedrooms) from June 2015 to June 2016.
Take a look below, or view a high-res version here.
*Courtesy of SkyViewSuites
Some stops are in areas that don't have enough data to necessitate an average price, like St. Patrick. You'll notice expected trends, like prices rising near Summerhill and Rosedale, but also that prices drop as you head further east, as we discussed in a blog called Why Toronto's East Side Has Historically Been Cheaper.
Remember, with prices still escalating – and representing a range of housing in varying size and condition – this map is better used as a guide, rather than fact. But what it does certainly indicate is that the downtown core is EXPENSIVE!
Speaking of transit, we wrote a popular blog about how Torontonians covet being near public transit, and the effect of that desire on real estate: The Value Of Public Transit In Toronto.
Would you like to live near public transit?
With decades of experience navigating the highs and lows of our market, and our commitment to remain acutely aware of shifts and trends, we're here to help! All without pressure or hassle.
May we be of assistance to you, or someone you love? Please know we're here to help!
Steven Fudge and his Urbaneer Team
Bosley Real Estate Ltd., Brokerage • (416) 322-8000
http://www.urbaneer.com • email@example.com
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