These Toronto condos saw the greatest increases in value recently

These Toronto condos saw the greatest increases in value recently

These Toronto condos saw the greatest increases in value recently

The demand for Toronto’s condos does not appear to be waning any time soon, a trend that has made itself felt in the steadily increasing prices of units across the city.

In its latest analysis, real estate information portal and brokerage Zoocasa looked at the sold data for 1- and 2-bedroom condo buildings in 95 neighborhoods across Toronto. The study found that year-to-date (January 1 to August 28, 2018), the average price of a 1-bedroom condo in the city is $473,800 (up 11% from 2017), and a 2-bedroom condo stands at $641,056 (up 7% from 2017).

A recent report from the Building Industry and Land Development Association stated that the sales volume of GTA’s condos has continuously outpaced that of single-family homes so far this year.

BILD noted that despite the benchmark price growing by 23.5% year-over-year (up to $774,554) in June, condo units in Toronto’s low-, medium-, and high-rises accounted for 2,079 new home sales, compared to that month’s total of 2,500.

Read more: Toronto development hits fever pitch

In the 1-bedroom condo buildings segment, these neighborhoods exhibited the greatest year-over-year appreciation:

1. M1W: L'Amoreaux, Corinthian

  • 2018 price of $268,400 vs. 2017 price of $182,000
  • 47% increase

2. M5P: Forest Hill, Midtown Toronto

  • 2018 price of $496,222 vs. 2017 price of $342,923
  • 45% increase

3. M9R: Richmond Gardens, Willowridge, Kingsview Village

  • 2018 price of $270,000 vs. 2017 price of $197,433
  • 37% increase

4. M6G: Wychwood, Palmerston - Little Italy

  • 2018 price of $577,167 vs. 2017 price of $456,161
  • 27% increase

5. (Tie) M4N: Lawrence Park

  • 2018 price of $661,500 vs. 2017 price of $535,875
  • 23% increase

5. (Tie) M3C: Flemingdon Park

  • 2018 price of $443,486 vs. 2017 price of $359.442
  • 23% increase

Meanwhile, 2-bedroom condos in these neighborhoods saw the largest year-over-year increases in value:

1. M1M: Cliffside, Cliffcrest, Scarborough Village

  • 2018 price of $386,265 vs. 2017 price of $266,966
  • 45% increase

2. M8W: Alderwood, Long Branch

  • 2018 price of $587,940 vs. 2017 price of $435,250
  • 35% increase

3. (Tie) M3L: Downsview West

  • 2018 price of $226,625 vs. 2017 price of $170,000
  • 34% increase

3. (Tie) M6C: Humewood - Cedarvale

  • 2018 price of $800,000 vs. 2017 price of $598,715
  • 34% increase

4. (Tie) M3C: Flemingdon Park

  • 2018 price of $642,995 vs. 2017 price of $484,671
  • 33% increase

4. (Tie) M4B: Woodbine Gardens, Parkview Hills, Topham Park

  • 2018 price of $395,000 vs. 2017 price of $298,000
  • 33% increase

5. M4V: Deer Park, South Hill, Summerhill, Rathnelly

  • 2018 price of $1,295,685 vs. 2017 price of $1,016,906
  • 27% increase

 

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