Categories
Market Watch Uncategorized

Mini Maxi. Real Estate Prices in Toronto GTA.

I bring to your attention a blog called “Mini Maxi”. You will find out where are the most expensive and cheapest apartments in our metropolis, as well as which areas of Toronto GTA changed most in price in 2017.

We all understand that even in those moments when the market is clearly moving in one direction in different areas of our metropolis, prices change in different ways. If we talk about what happened with Toronto GTA Real Estate in 2017, it gets even worse, because sometimes the market moved in absolutely opposite directions. So it became interesting to me, how unevenly had the prices changed? Based on this, a question arises – how different is the price for the same types of real estate in Toronto GTA.

Therefore, I bring to your attention a blog called “Mini Maxi”. You will find out where are the most expensive and cheapest apartments in our metropolis, as well as which areas of Toronto GTA changed most in price in 2017.

TREB MLS Home Price Index (HPI) Benchmark

In order to find out how much a similar property can vary depending on its location, I turned to the statistics prepared by TREB (Toronto Real Estate Board). In particular to the TREB MLS HPI Benchmark. HPI (Home Price Index) is an indicator that takes into account not only the price of a real estate object and its type, but also some characteristics of this property. Among these characteristics, you can distinguish such as the area square footage, number of bedrooms, bathrooms, garage, age of the structure, location, etc. and compares this average type of real estate with the actually sold. This allows you to smooth out the current situation, when too cheap or too expensive real estate objects were sold, while having a significant impact on statistics.

Cheapest and Most Expensive Municipality

Cheapest

$350,000

Brock

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average Price HPI

$743,500

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Most Expensive

$1,844,600

Toronto C12

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Cheapest and Most Expensive Neighbourhood

Cheapest

$312,100

Beaverton

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average Price HPI

$743,500

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Most Expensive

$3,069,700

Devil’s Elbow

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Cheapest and Most Expensive Detached Homes

Cheapest

$315,900

Brock

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average Price HPI

$909,300

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Most Expensive

$3,074,600

Devil’s Elbow

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Cheapest and Most Expensive Semi-Detached Homes

Cheapest

$332,800

Oshawa Central

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average Price HPI

$699,800

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Most Expensive

$1,820,300

Forest Hill South

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Cheapest and Most Expensive Townhouses

Cheapest

$222,800

Oshawa Lakeview

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average Price HPI

$548,200

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Most Expensive

$1,435,000

Rosedale-Moore Park

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Cheapest and Most Expensive Apartments

Cheapest

$161,500

Elms-Old Rexdale

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average Price HPI

$468,200

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Most Expensive

$978,800

Bridle Path-Sunnybrook-York Mills

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Are Prices Rising or Falling?

Цены на Недвижимость в Торонто Падают или Растут Риэлтор Andrei Peresunko

Now let’s talk about what excites everyone and causes the most fierce debate – are Property prices in Toronto GTA Rising or Falling? Maybe the first and the second at the same time?

First, let’s take a look at the chart that I prepared. It is very easy to see how the average price of HPI has changed during 2017. You can track not only how the price of Composite has changed, i.e. on average for all types of real estate, but also separately by segment.

Worst and Best Price Changes by Municipality

Worst

-3,53%

Whitchurch-Stouffville

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average

+7,19%

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Best

+19,93%

Toronto C01

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Worst and Best Price Changes by Neighbourhood

Worst

-13,81%

Crosby (Richmond Hill)

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average

+7,19%

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Best

+26,96%

City Centre (Mississauga)

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Worst and Best Price Changes for Detached Homes

Worst

-14,55%

Crosby (Richmond Hill)

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average

+2,33%

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Best

+17,24%

Rural Scugog

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Worst and Best Price Changes for Semi-Detached Homes

Worst

-16,35%

Crosby (Richmond Hill)

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average

+2,81%

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Best

+17,09%

LaSalle (Burlington)

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Worst and Best Price Changes for Townhouses

Worst

-9,77%

Williamsburg (Whitby)

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average

+10,96%

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Best

+56,41%

Cornell (Markham)

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Worst and Best Price Changes for Apartments

Worst

-1,35%

Hurontario (Mississauga)

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Average

+21,83%

Toronto GTA

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Best

+52,69%

Malvern (Toronto E11)

Цены на Недвижимость в Торонто Риэлтор Andrei Peresunko

Well, how do you like such data? Personally for me, it was very unexpected. I always said that the real estate market in Toronto GTA, is developing unevenly and it is therefore very important to conduct analysis and view statistics, not relying solely on your perception. But that same segment could and fall by 10% and grow by 56%, depending on the area …

This is for when people say – “Oh, do not tell me and show your statistics. It’s all a fake, I can see with my own eyes ….” Yet I don’t think that someone with their own eyes sees 87,000 sales a year.

Good luck to all!

Please, leave your comments and share your ideas!

  • 949 Langford Blvd, Bradford
    Gorgeous 2 Yrs New Home on Huge Premium Corner lot with 134′ depth, 45’ front and 79’ back!
  • 25 Deer Hollow Crt, Bolton, Ontario, L7E 1T2
    Very Rarely Can You Purchase A Home Like This One! Backing Onto Ravine! Great Neighbourhood With Walking Trail And Park. This True Entertainer’s Home
  • Toronto GTA Real Estate – February 2020
    In line with the forecast contained in the Toronto Regional Real Estate Board’s recently released Market Year in Review and Outlook Report, TRREB announced a very strong year-over-year sales and price growth in February 2020.