Toronto was Canada’s 133th most expensive suburb by listed median house price this month.
When our research team crunched the numbers we calculated that Toronto has a median home price of $769,000.
Across Canada the most common number of bedroom property being listed has 3 bedrooms, in May this neighbourhood’s most common listing has properties with fewer bedrooms.
According to our stats, Toronto is the neighbourhood that has the 2nd most properties available to real estate investors in Ontario.
As one of Ontario’s many potential real estate investment neighbourhoods, Toronto needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
If you are looking at investment properties in Toronto, then there are more homes for sale than there were three months ago. This would indicate that house prices will be influencing it towards being a buyers.
Last month, Toronto was Canada’s 46th priciest – this month at number 46 it’s dropped -10 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the deterioration continues.
While the median for Ontario is $339,900 , which means that Toronto’s median price is $399,900 considerably better than the rest of the province.
How big are the houses being sold in Toronto? This month there are 1441 one bedroom 1766 two bedroom 271 three bedroom 12 four bedroom 3 five bedroom homes on the market.
From our data, it appears that neighbourhood is number 1st when comparing neighbourhoods by the number of properties available to investors across the nation, putting it in the top 10.
Is Toronto a good investment prospect? It’s never a perfect science, but the data we have given us a number of indicators.
The amount of homes for sale in neighbourhood has increased over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also slipped.