Toronto
Toronto is a major city of Canada, situated along the northwestern coast of Lake Ontario. It is the capital of the province of Ontario. It is a metropolis with the core of skyscrapers, all dwarfed by an iconic, free-standing CN tower.
Toronto has so many green spaces, from an orderly oval of Queens Park to around 400-acre High Park & its trail, zoo and sports facilities. Toronto is the largest city in Canada and a world leader city in such areas as technology, culture, business, finance and entertainment,
Real Estate Market Outlook for Toronto
Current MLS stats of Toronto indicate an average housing price of $1,081,300. The number of new listings in the city are 4,763 in the last twenty eight days. In October the city has 22 median days on average to sell a housing property.
An amazing thing about the Canadian housing market is its affordability. Houses of different styles are available for sale in the city at different prices. Obviously, this price would vary depending upon the area of the house and its locality.
The most common construction styles in Toronto are detached houses, condominiums and townhouses. Detached houses will have one or more walls attached to other buildings. Condominiums are residential complexes with multiple units in which each unit is owned individually. Townhouses are the type of terraced house.
Real Estate Market Analysis For Condos – October 2022
Among all the construction houses, the most affordable ones in Toronto. These are available with different numbers of bedrooms in different areas of the city.
The average sold price in Toronto is $1.1M. This value shows a monthly change of 5.5 percent, quaternary change of 5 percent and 1.6 percent yearly change in real estate prices.
During the month of October, one bedroom condominium is available at the rate of $634K. This price was $655K about three months ago. Similarly, a two bedroom condominium apartment is available for sale at $888K. This price was $862K about three months ago.
In the same way a three bedroom condominium apartment is available for sale at the cost of only $950K. This price was $1.0M about three months ago.
From these real estate prices of condos, it can easily be predicted that these are the most affordable ones in Toronto. There is a significant decline in the real estate prices of these houses.
These are easily for sale in different areas of Toronto. You can have some examples here.
A beautifully constructed two bedroom and two bathroom condominium is available for sale in #925 – 25 GREENVIEW AVE, Toronto, Ontario. This condominium will cost only $799,000.
Similarly, another condominium apartment with two bedrooms and two bathrooms is available for sale at #814 – 2799 KINGSTON RD, Toronto, Ontario. You can be the owner of this amazing condominium apartment by paying only $ 766,000.
These were just a few examples. Toronto has many of these condominiums for sale. So, if you are planning to move to Canada, then Toronto would be a very good choice.
