Toronto
Toronto is a capital city of Ontario province in Canada. Toronto is situated on the northwestern coast of Lake Ontario.
Living in Toronto, especially anywhere near downtown, can be very affordable. Rents here are also very affordable. The other standard expenses monthly in the city such as transit, groceries and phone plans are also cheap.
Toronto is one of the amazing and greatest cities in the world to establish your business, consistently ranked at the top when it comes to quality of life, innovation and global competitiveness. Very few Canada cities can offer such a multi-sector strength, a driving economic & financial engine and depth of length.
Real Estate Market Outlook for Toronto
Real estate market of Toronto is growing day by day. Its success is dependent on different construction styles in the city. The most popular construction styles are detached houses, townhomes and condominiums.
Detached houses are isolated constructed houses. The townhomes are a type of terraced housing. The last one, condominiums, are the complex residential properties with multiple units in which each unit is owned individually.
All of these houses are the main reason for the aesthetic beauty of the city. These houses with different sizes are available for sale in different areas of the city. Detached houses are comparatively expensive but the townhomes and condominiums are very affordable construction styles in Toronto.
Real Estate Market Analysis For Townhomes – October 2022
There has been a significant change in the prices of townhouses during the month of October. Toronto has an average sold price of about $1.1M. This value represents a monthly change of 5.5 percent, quaternary change of 5 percent and 1.6 percent yearly change in real estate prices.
Townhomes are available for sale in different sizes in Toronto. During October, two-bedroom townhomes are available for sale at an average price of $854K. This price was $920K about three months ago.
Similarly, three-bedroom townhomes are available at the average cost of $1.1M. This value was $1.2M about three months ago. This was an average change of 16% during the month of October.
In the same way, a 4-bedroom townhome is available for sale at an average cost of $1.2 M in Toronto. The price was $1.4M about three months ago. There is a significant drop in the real estate prices of townhomes. So, if you are planning to buy a townhome in Toronto then October would be the best month to buy.
Different townhomes that are available for sale in Toronto are as follows;
A three bedroom and three-bathroom townhome are available for sale at 5039 Finch Ave E # Toronto, Ontario. This beautifully constructed townhouse costs only $688,000.
Similarly, another townhome with two bedrooms and two bathrooms are available for sale at 24 Florence Wyle Lane # 8, Toronto, Ontario. This house costs only $649,000.
These were just a few examples of townhomes that are currently available for sale. Hundreds of such houses are available for sale in Toronto.
