Most Affordable & Most Expensive Areas to Buy a Condo in Toronto | August 1-7, 2022
Here's your weekly recap on the most affordable & most expensive areas to buy a condo in Toronto from August 1-7, 2022.
Here's your weekly recap on the most affordable & most expensive areas to buy a condo in Toronto from August 1-7, 2022.
1-Bed
- 30 units sold
- Average price = $589,483
- Most affordable = $440,000 | Birchcliffe (Kingston Rd)
- Most expensive = $860,000 | Queen West
1-Bed + Den
- 31 units sold
- Average price = $667,252
- Most affordable = $487,500 | Hwy 27 & Finch
- Most expensive = $960,000 | Danforth Village
2-Bed
- 45 units sold
- Average price = $720,622
- Most affordable = $440,000 | Danforth & Vic Park
- Most expensive = $1,125,000 | Queen & Broadview
2-Bed + Den
- 20 units sold
- Average price = $1,040,995
- Most affordable = $578,000 | Warden & Sheppard
- Most expensive = $2,130,000 | Bayview & Sheppard
3-Bed
- 12 units sold
- Average price = $936,563
- Most affordable = $580,000 | Bathurst & Finch
- Most expensive = $1,800,000 | Spadina & St. Clair
Overall the condo market is still quite active however there does seem to be some negotiating going on as the average % of list price is hovering around the 98% mark (compared to the 120-130% of list seen earlier this year).
Be sure to check back next week for the most up-to-date stats!
Have any questions about buying a condo?
Feel free to message me on Instagram @TorontoRealEstate.ca !
Rylie C.