The Condo Market - By The Numbers - The Storey Team : Toronto Real Estate

The Storey Team : Toronto Real Estate

The Condo Market - By The Numbers

30 May 2017
Tom Storey

We are seeing condos as an asset increase year over year faster then detached homes (up 16%) and Semi-Detached (up 27%)

Condos : What the numbers are saying   

2017 condo price increases in the first 5 months of the year.....

Jan: $442,598 average price, UP 14.5% year over year 

Feb: $481,194 average price, UP 19.2% year over year

March: $518,879 average price, UP 33.1% year over year 

April: $541,392 average price: UP 32.1% year over year 

May: $531,659 average price: UP 28.4% year over year

 

In this time, the average condo price in the GTA went from $442,598 to $531,658, which is an increase of $89,060 or 20.13% in 5 months.

* All price increased are based on year over year values

* April to May was the first decrease when looking at month over month prices. 

* Condos remain the hottest type of property to purchase in Toronto, mainly because of affordability. 

* All numbers are based on the GTA (416+905) The 416 numbers are significially higher prices, as they are closer to the core. 

* Condos have increased year over year higher then detached/semi-detached/townhomes for three straight months.