Unprecedented gains in the Toronto condo market

Recently, I’ve witnessed unprecedented gains in the condo market, particularly with condos below the $500K mark. It seems that they could be the bastion of hope for those on a smaller budget.

Condo market in Toronto

Recently, I’ve seen a 500+ sq. ft. condo listed for $408K at Bathurst & Bloor end up with 18 offers and sell for $509K on offer night. Another condo in the Dupont & Lansdowne area listed for $441K sold for $500k after 3 offers on offer night. The spectacular thing about that condo was that the status certificate (financials of the building) was not available and the buyer removed their status certificate condition in order to make their deal go firm that night.

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Which 2-Bedroom Toronto Condos Near TTC Stations Give You The Highest Returns?

Last year, I analyzed the value of 2-bedroom condos along each subway line so that you could see what trends emerged at each station when it came to price.

I pulled the data from the Toronto Real Estate Board statistics based on condos that were within a 0.3km radius (394 steps) from a subway station. Some stations didn’t have any condos built within the 0.3 km distance while some stations had less than 2 condo sales reported during the period of Jan. 1 to July 24th, making some of the sample sizes rather small.

In this year’s version, I have added in the data from condo sales in the back half of the year (July 25th – Dec. 31st, 2017). Now we have a better idea of not only the values at each subway station but whether the values increased or decreased towards the back half of the year.

2017 Price Change For 2 Bedroom Condos Near TTC Stations

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