In my third installment of research along the TTC subway map, I decided to investigate the average price of semi-detached houses in Toronto. Also, the increase or decrease in home prices from 2016 to now.
I started to study the value of 1 & 2 bedroom condos along the subway line. After I completed my initial research, my next question was how much have the values changed between 2017 and 2016 at each subway station. My analysis was even surprising to me. It does matter which subway station is the closest to your condo in determining how much your condo will increase year over year.
I pulled the numbers from the Toronto Real Estate Board statistics based on condos that were within a 0.3km radius or 394 steps from a subway station. Some stations don’t have any condos built within the 0.3 km distance and some had few sales reported during the period of Jan. 1 to July 24th making some of the sample sizes rather small (ie. less than 4 condos).
Ever wonder what the average price of a condo is along the subway line? Does the subway station your condo is closest to have anything to do with the value of your condo? Wouldn’t you like to know if the price of a condo matters based on the subway station closest to it? Continue reading