DOWNTOWN TORONTO AVERAGE HOME PRICES 2013-2017
The downtown Toronto market continues to out-pace the average expected growth rate of 5% per year.
We say it time and time again—despite what the headlines continue to report, the Toronto real estate market continues to see incredible growth. Real estate stats should really be based on the local market and when the media lumps all areas into one location, such as the GTA or the 416, that data shouldn’t be applied locally. Remember to pay attention to the stats in and around your particular neighbourhood.
W01 – West Toronto
The W01 municipality includes neighbourhoods such as High Park-Swansea, Roncesvalles, and Parkdale. Since 2013 average sale prices for detached homes have increased 61%, semi-detached homes 55%, and condos 49%. The area has a higher concentration of detached and semi-detached homes.
C01 – Toronto Central West
The C01 municipality includes neighbourhoods such as Brockton Village, Dundas West, King and Queen West, Little Italy, Kensington and the Bay Street Corridor. Since 2013, the average sale price for detached homes has increased 74%, for semi-detached 56%, and condos 60%. This is a diverse municipality with a range of home types.
C08 – Toronto Central East
The C08 municipality includes neighbourhoods such as Cabbagetown, Corktown, the St. Lawrence Market, Distillery District, and the Church-Yonge Corridor. Since 2013 average sale prices for detached homes have increased 35%, semi-detached homes 43%, and condos 49%. This area is considered Old Town and therefore you’ll find many detached and semi-detached homes but there are an increasing number of condos being added to the area.
E01 – East Toronto
The E01 municipality includes neighbourhoods such as Leslieville, Riverdale, Riverside, and Greenwood-Coxwell. Since 2013 average sale prices for detached homes have increased 70%, semi-detached homes 64%, and condos 61%. This area is very residential and has many detached, semi-detached homes, lofts, and a growing number of condos.