Condominium 2013 Toronto Central 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 Central
  • Condominium Apartment

By drilling down on specific sections of Toronto  I believe it will allow both buyers and sellers a more accurate assessment of the direction of their housing market.  If you are looking at Toronto Central it includes some of the following neighbourhoods:

  • Waterfront Communities
  • Don Mills – Banbury
  • Mount Pleasant
  • The Annex
  • Niagara
  • Yonge Eglinton
  • Yonge St Clair
  • Casa Loma

 

You can see by the data condominium apartments are the highest sold prices in Toronto as well the most active in terms of sales than in any other geographic area.    It should be noted that dozens of individual central Toronto neighbourhoods where condominiums make up almost all of the available housing.   I have recently update our Toronto monthly condominium statistics to include the most recent release of December 2013.

 

Condominium Apartments Toronto Central

Geographic AreaMonthly SalesAverage PriceMedian PriceAverage Selling Price to Listing PriceAverage Days on Market
January 2013City of Toronto730$340,295$319,00097%44
 Toronto Central446$395,489$355,00096%44
February 2013City of Toronto953$352,614$323,98097%35
 Toronto Central 577$409,683$362,00098%33
March 2013City of Toronto1,266$367,595$333,10098%32
 Toronto Central793$420,453$370,00098%30
April 2013City of Toronto1,479$379,266$337,00098%32
 Toronto Central 939$436,146$378,00098%31
May 2013City of Toronto1,499$372,768$337,00098%30
 Toronto Central952$427,916$378,00098%30
June 2013City of Toronto1,329$366,532$330,00098%30
 Toronto Central836$419,422$364,50099%29
July 2013City of Toronto1,353$361,969$330,00097%33
 Toronto Central872$410,532$364,90097%33
August 2013City of Toronto1,208$357,572$323,00097%36
 Toronto Central783$412,151$368,00097%36
September 2013City of Toronto1,203$363,149$334,00098%36
 Toronto Central739$421,850$378,00098%35
October 2013City of Toronto1,347$384,441$332,50097%33
 Toronto Central841$439,970$375,50097%31
November 2013City of Toronto1,081$385,968$332,00098%35
 Toronto Central688$449,244$378,50098%42
December 2013City of Toronto799$367,376$330,00097%39
 Toronto Central495$430,939$370,00097%39

Source: Toronto Real Estate Board

Check out the month to month statistics for 2012.

It is important to repeat that when looking at these statistics is that some of Toronto’s central 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.

 

Follow

Get every new post delivered to your Inbox

Join other followers: