INFOGRAPHIC: Now & Then – Toronto’s Average Prices and Square Footage

condo price and square foot infographic

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca
February 18, 2014 | © All rights reserved

PRICES ARE GROWING WHILE UNIT SIZES SHRINK

condo price and square foot infographic

PRICES ARE GROWING WHILE UNIT SIZES SHRINK

  • Average price per square foot of a newly built condo in Toronto has grown to $548/psf as of December 2013;
    compare that with figures from nine years ago at less than $300 per square foot.
  • Average price of a newly built condo in Toronto is now just over $436,000;
    compare that with figures from nine years ago at just under $255,000.
  • Average square footage of units being built in Toronto is shrinking to 796 square feet as of December 2013;
    compare that with figures from nine years ago at 850 square feet.
  • Average resale price of a condo listed on MLS as of December 2013 was about $343,000;
    compare that with figures from nine years ago at $215,000.

If you have any questions about the preconstruction buying process or would like some information about the TorontoVaughan or Thornhill real estate market, feel free to contact me.

start your journey sky blue

OR

CONTACT ILAN NOW FOR A MORE PERSONALISED SEARCH EXPERIENCE!

 

first time home buyer toronto ontariotoronto real estate vaughan real estate for sale

 

IMG_0080 bwIlan Joseph is a Real Estate Broker with Sutton Group and is co-founder of a 10-person award-winning Toronto, Thornhill and Vaughan real estate team.

You can find him on LinkedIn, Twitter, YouTube and Google+.

For over 10 years, Ilan has provided more than 1550 buyers and sellers valued advice and service, enabling them to reach their real estate goals.

He’s kind of like the Bruce Willis of real estate.

 

 

HOMES, ILAN JOSEPH, ILANJOSEPH.COM, THORNHILL CONDO FOR LEASE, THORNHILL CONDO FOR RENT, THORNHILL CONDO FOR SALE, THORNHILL HOMES FOR LEASE, THORNHILL HOMES FOR RENT, THORNHILL HOMES FOR SALE, THORNHILL REAL ESTATE FOR SALE, toronto, TORONTO CONDO FOR SALE, TORONTO HOMES FOR SALE, TORONTO REAL ESTATE FOR LEASE, TORONTO REAL ESTATE FOR RENT, TORONTO REAL ESTATE FOR SALE, VAUGHAN CONDO FOR SALE, VAUGHAN HOMES FOR LEASE, VAUGHAN HOMES FOR RENT, VAUGHAN HOMES FOR SALE, VAUGHAN REAL ESTATE FOR SALE