toronto

Toronto condos are king when it comes to rising real estate prices in the city. So, welcome to Condoronto.


According to the latest data from the Toronto Real Estate Board (TREB), multi-family housing, both of the low- and high-rise variety, experienced price appreciation of 8.3 per cent in the 416 region.

This outpaces the appreciation of all other home types.

READ: Greater Toronto Home Sales And Prices Heat Up In August — And Are Getting Hotter

Nonetheless, price appreciation for Toronto condos for sale differs dramatically from neighbourhood to neighbourhood.

The number of bedrooms within a unit can also have a significant impact on its value.

A recent study by Zoocasa, finds units with two bedrooms saw better than average appreciation in more neighbourhoods than one-bedroom units.

READ: Toronto Has The Most Expensive Rental Market In Canada

So which neighbourhoods experienced the greatest appreciation for both one- and two-bedroom units?

Zoocasa analyzed sold data from the TREB to calculate average year-to-date (January 1 to August 28, 2018) prices in 95 neighbourhoods across the City of Toronto. Findings show two-bedroom units are priced greater than the city average of $641,056 in a total of 43 neighbourhoods, while one-bedroom units are priced greater than the average of $473,800 in 30 neighbourhoods.

READ: Toronto’s 35 Neighbourhoods: Where Is It Cheaper To Rent Or Own A Condo?

The average two-bedroom condo appreciated by seven per cent and the average one-bedroom condo appreciated by 11 per cent compared to 2017.

So, yes, it's fair to say Toronto is officially Condoronto.

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Toronto Neighbourhoods With Greatest Year-Over-Year Appreciation:One-Bedroom Condos

1 – M1W: L’Amoreaux, Corinthian

2018 Price: $268,400

2017 Price: $182,000

+47%

2 – M5P: Forest Hill, Midtown Toronto

2018 Price: $496,222

2017 Price: $342,923

+45%

3 – M9R: Richmond Gardens, Willowridge, Kingsview Village

2018 Price: $270,000

2017 Price: $197,433

+37%

4 – M6G: Wychwood, Palmerson – Little Italy

2018 Price: $577,167

2017 Price: $456,161

+27%

5 – TIE M4N: Lawrence Park

2018 Price: $661,500

2017 Price: $535,875

+23%

5- TIE M3C: Flemingdon Park

2018 Price: $443,486

2017 Price: $359.442

+23%

READ: This Toronto Condo Developer Plans To Sell Units For $2,500 Per Square Foot

Toronto Neighbourhoods With Greatest Year-Over-Year Appreciation:Two-Bedroom Condos

1 – M1M: Cliffside, Cliffcrest, Scarborough Village

2018 Price: $386,265

2017 Price: $266,966

+45%

2 – M8W: Alderwood, Long Branch

2018 Price: $587,940

2017 Price: $435,250

+35%

3 – TIE M3L: Downsview West

2018 Price: $226,625

2017 Price: $170,000

+34%

3 – TIE M6C: Humewood – Cedarvale

2018 Price: $800,000

2017 Price: $598,715

+34%

4 – TIE M3C: Flemingdon Park

2018 Price: $642,995

2017 Price: $484,671

+33%

4 – TIE M4B: Woodbine Gardens, Parkview Hills, Topham Park

2018 Price: $395,000

2017 Price: $298,000

+33%

5 – M4V: Deer Park, South Hill, Summerhill, Rathnelly

2018 Price: $1,295,685

2017 Price: $1,016,906

+27%

READ:This Program Actually Helps First-Time Home Buyers Achieve Dream Of Home Ownership

Toronto Neighbourhoods With Least Year-Over-Year Appreciation:

One-Bedroom Condos

1 – M1N: Fallingbrook, Birchcliff, Birchcliff Heights

2018 Price: $395,250

2017 Price: $466,560

-15%

2 – M1E: Morningside, West Hill, Guildwood

2018 Price: $203.667

2017 Price: $230,100

-12%

3 – TIE M4K: Greektown, Riverdale, Broadview North

2018 Price: $442,244

2017 Price: $466.250

-5%

3 – TIE M6L: North Park, Maple Leaf, Rustic

2018 Price: $305,100

2017 Price: $320,150

-5%

4 – M5R: The Annex, Yorkville

2018 Price: $654,454

2017 Price: $675,690

-3%

5 – M4T: Moore Park

2018 Price: $516,100

2017: $513,922

0%

READ: How 10 Developers Are Doing Toronto Good In Ways You’d Never Expect

Toronto Neighbourhoods With Least Year-Over-Year Appreciation:Two-Bedroom Condos

 1 – TIE M2L: St. Andrews – Windfields, Silver Hills

2018 Price: $1,000,000

2017 Price: $1,226,000

-18%

1 – TIE M3B: Don Mills, Bridle Path, Windfields

2018 Price: $679,923

2017 Price: $832,466

-18%

1 – TIE M6G: Wychwood, Palmerston – Little Italy

2018 Price: $664,000

2017 Price: $806,667

-18%

2 – M5M: Nortown, Bedford Park

2018 Price: $685,983

2017 Price: $805356

-15%

3 – TIE M6R: Roncesvalles Village, Parkdale

2018 Price: $836,201

2017 Price: $968,264

-14%

3 – TIE M5C: St. Lawrence Market North

2018 Price: $750,482

2017 Price: $868438

-14%

4 – M5E: St. Lawrence Market

2018 Price: $753,934

2017 Price: $866,159

-13%

5 – TIE M4K: Greektown, Riverdale, Broadview North

2018 Price: $547,111

2017 Price: $623,868

-12%

5 – TIE M4G: Leaside, Bennington Heights

2018 Price: $766,404

2017 Price: $866,751

-12%

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