Condominium 2013 Toronto East Monthly Statistics

condo toronto construction

It is the start of another year for monthly Toronto real estate statistics.  From the feedback, directly and through my Google Analytics, it seems that these statistics are a hit with readers as well.   What started it all?  Reading the monthly Toronto Real Estate Board (TREB) sales statistics for resale homes reported on the macro level but did not address the housing market relating to specific geographic areas and housing types.  Since I was providing a monthly neighbourhood analysis to my clients it seemed the next logical extension was to offer the same for Toronto readers.    The monthly TREB housing statistics are helpful in understanding overall activity,  however  since it included statistics from Mississauga, Durham, Vaughan, Brampton, etc. it did not address specific geographical areas or housing types.   Here you will find a further breakdown of those numbers which will focus on the following key metrics:

  • City of Toronto
  • Toronto East
  • Condominium Apartment

By drilling down on specific sections of Toronto’s east end,  I believe it will allow both buyers and sellers a more accurate assessment of the direction of the condominium market.  If you are looking at Toronto East, it includes some of the following neighbourhoods:

  • The Beaches
  • Danforth East End (Upper Beaches)
  • East York
  • South Riverdale
  • Birchcliff – Cliffside
  • Leslieville
  • Guildwood
  • Eastern Waterfront

 

You can see by the data condominium apartments are the lowest in the city than any other geographic area.  Considering that Toronto east includes all of Scarborough and with neighbourhoods such as Malvern, Woburn and Morningside they contribute to lower average prices.  There are also some higher end buildings and areas within Toronto east, such as the Eastern Waterfront, Greenwood- Coxwell, Riverdale and The Beaches.   It should be noted that dozens of individual east Toronto neighbourhoods continue to have shown their long term value and offer excellent buying opportunities.  I have updated the Toronto east condominium statistics to include the most recent for December 2013.

 

Condominium Apartments Toronto East

Geographic AreaMonthly SalesAverage PriceMedian PriceAverage Selling Price to Listing PriceAverage Days on Market
January 2013City of Toronto730$340,295$319,00097%44
 Toronto East 134$227,465$219,95097%39
February 2013City of Toronto953$352,614$323,98097%35
 Toronto East 176$243,924$216,50097%38
March 2013City of Toronto1,266$367,595$333,10098%32
 Toronto East 225$248,704$225,00098%34
April 2013City of Toronto1,479$379,266$337,00098%32
 Toronto East 259$255,052$233,00098%29
May 2013City of Toronto1,499$372,768$337,00098%30
 Toronto East 241$260,154$232,00098%28
June 2013City of Toronto1,329$366,532$330,00098%30
 Toronto East 231$246,895$230,00098%29
July 2013City of Toronto1,353$361,969$330,00097%33
 Toronto East 253$248,222$230,00098%31
August 2013City of Toronto1,280$357,572$323,00097%36
 Toronto East 218$233,032$226,25097%34
September 2013City of Toronto1,203$363,149$334,00098%35
 Toronto East 233$239,882$215,00098%35
October City of Toronto1,347$384,441$332,50097%33
 Toronto East 219$261,460$233,00098%34
November 2013City of Toronto1,081$385,968$332,00098%35
 Toronto East 166$250,430$236,25097%34
December 2013City of Toronto799$367,376$330,00097%39
 Toronto East 137$249,212$230,00097%37

Source: Toronto Real Estate Board

 Check out the month to month 2012 statistics.

It is important to repeat that when looking at these statistics is that some of Toronto’s east end neighbourhoods hold their value more than others.   This is where I provide for my clients the same statistical metrics but on a specific neighbourhood.  This is a great tool as we can look at the numbers and get a updated analysis of pricing and the best time to purchase or sell.  If you are considering a specific neighbourhood or building, contact me and I will pull together the data which will certainly provide a more accurate assessment for you needs.

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