Price gap widens between Toronto houses and condos

by |
The difference in price between a new house and a new condo in the Toronto market has widened to almost $300,000. Figures from RealNet Canada and the Building Industry and Land Building Association, show that the average cost of a new house in the GTA in February was $733,578, up 12 per cent from a year earlier. Condo prices in the same period rose just 1 per cent to $442,672; and declined during the first two months of year. Land costs in Toronto have made high-end single family homes and developments with smaller condo units the most valuable for developers. Resale properties are showing a similar gap according to recent figures from the Toronto Real Estate Association with an 11 per cent rise in house prices while condo prices were flat. Read the full story.

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions