The $799,800 price tag on the median Toronto home means that it is quite highly priced by Canadian standards.
How big are the houses being sold in Toronto? This month there are 22 one bedroom 148 two bedroom 533 three bedroom 265 four bedroom 48 five bedroom homes on the market.
There are 1159 neighbourhoods that have more properties on sale than Toronto at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
There are a number of important pieces of research you should do before deciding where to buy an investment property – this data for Toronto will hopefully provide an indicator to help you where to research in-depth
The amount of homes for sale in neighbourhood has stayed the same over the last three months – this means that supply and demand economics would mean that the pressure on house prices has also remained constant.
Want a cheaply priced house? Then at $409,900 this month, Toronto, Ontario is definitely not for you price wise.
In province, the most common property on the listings this month has 2 bedrooms, in this neighbourhood it’s 2.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Toronto has a huge choice compared to the rest of the province
Can we guarantee how well Toronto is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
In Toronto, housing stock has stayed the same over the last three months, which would tend to mean that home supply and demand are equal.