Toronto Condos
One of the predominant housing types in Toronto are condominium homes that represent almost half of the housing dwellings in Toronto & the remaining single detached homes and townhomes. The city mainly has condominiums constructed with three, four or more bedrooms.
Almost 60 percent of the housing properties here are occupied by their owners and the rest are renters. More than half of homes are occupied by their owners which show the affordability of homes in the city. Even a single building boom is not experienced by the city; the construction of homes here are spread out by the 20th and 21st century.
How many listings are available for sale?
Toronto Condominium has 2664 listings. Real estate experts of Toronto mainly has three types of listings that include active listings, new listings, and sold listings. Condominium homes in Toronto have 2865 new listings, 942 sold listings and 2730 active listings.
Condominium homes listings vary with the number of bedrooms. Condos with one bedroom have 85 new listings, 28 sold listings and 84 active listings. Similarly, condos with 2 bedrooms have 1223 new listings, 388 sold listings and 1178 active listings. In the same way, 3 bedroom condos have 326 new listings, 47 sold listings and 335 active listings. These huge numbers of each of the listings shows the easy access of these architecture style in the city.
What is the average price of Condominium Homes?
As of January 2023, the average house price in Toronto is about $1,107,053 as indicated by a recent Toronto MLS Statistics. The city has almost 21 median days to sell a home in the real estate market. Average prices vary with the home styles and number of bedrooms.
Condominiums have an average price of $734K. This price is the same from the past three months. Despite the economic challenges, the real estate market of Toronto has been very affordable. Condominium homes with one bedroom has an average price of approximately $459K. Similarly, condominiums with two, three and four bedrooms have an average price of $622K, $853K, and $1.0M.
What is available in the price range?
Different condominium homes are for sale within their average price range. A two bedroom and one bathroom is for sale at 2181 YONGE STREET, TORONTO, CANADA. This 1400 to 1599 sq ft condominium home is for $1,040,000. Another one bedroom and one bathroom condominium home is for sale at 330 RICHMOND ST, W, TORONTO, CANADA. This 700 to 799 sq ft condominium home is for $765,000.
Another one bedroom and one bathroom condominium home is for sale at 801 SHEPPARD AVE, TORONTO, CANADA. This 600 to 699 sq ft condominium home is for $529,900.
Some more details on Toronto and its real estate
The most abundant homes in Toronto are condos. Their affordable rates are the main reason for their huge listings. Almost 1835 homes have been sold out in the last 28 days. Total number of listings here is 4434. 101 percent is the selling to listing price ratio.
