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Real Estate Thought for the Day

These are Toronto's Most Expensive Condo Buildings

1 st thomas condo yorkville  luxury condominium

While Toronto’s real estate market was a perpetual rollercoaster in 2017, one thing remained the same: the demand for condos in the city outpaces the supply.

According to data from the Toronto Real Estate Board (TREB) shows that “while condo sales were down by approximately 7.5% over the 2017 calendar year, price growth outstripped that of all other home types, increasing 23% to an average price of $545,826.”

On the other hand, detached home sales dropped 23%, with 13.4% price growth over the same time-frame.

However, by year-end, average houses in Toronto still had extremely expensive price tags, a factor that  further helped support condo demand.

This increase in demand has made the price of resale family homes skyrocket while the average price of new builds in Toronto approached $1,000 per sq. ft. this past fall.

According to Toronto Real Estate Board, based on the 2017 numbers from TREB, there are 12 condo towers in 

the downtown core that have reached a staggering price of $1,000 (or more) per sq. ft.

Each of these buildings also happens to be located within the Yonge Street and University Avenue neighbourhood.

most expensive condos in toronto map

Condo buildings that now sell for over $1,000/sq. ft.

  1. U Condos, 65 St Mary St/1080 Bay St – $1,319 - Condo Info - click here
  2. Four Seasons Residence, 55 Scollard St – $1,296 - Condo Info - click here
  3. One Bedford, 1 Bedford Rd – $1,231 - Condo Info - click here
  4. Karma Condos, 15 Grenville St $1,121 - Condo Info - click here
  5. Residences of the Ritz Carlton, 183 Wellington St W – $1,076 - Condo Info - click here
  6. Pears on the Avenue, 170 Avenue Rd – $1,211.55 - Condo Info - click here
  7. The Prince Arthur, 38 Avenue Rd – $1,040 - Condo Info - click here
  8. Shangri-La, 180 University Ave – $1,040 - Condo Info - click here
  9. Theatre Park, 224 King St W – $1,038 - Condo Info - click here
  10. Murano, 38 Grenville St – $1,013 - Condo Info - click here
  11. Nicholas Residences, 75 St Nicholas St – $1,012 - Condo Info - click here
  12. Aura, 386-388 Yonge St – $1,004 - Condo Info - click here
  13. 1 St. Thomas Condo, 1 St. Thomas St. - $1,446.81 - Condo Info - click here
  14. Yorkville Plaza Condo, 155 Yorkville Ave. - $1,028.27 - Condo Info - click here
  15. The Florian Condo, 88 Davenport Road - $1,283.44 - Condo Info - click here
  16. The Yorkville Condo, 32 Davenport Road - 1,044.03 - Condo Info - click here
  17. 181 Davenport Condo, 181 Davenport Road - $1,219.76 - Condo Info - click here

 

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Nadine Robbins, Sotheby's International Realty Canada
1867 Yonge Street, Suite 100
Toronto, ON, M4S 1Y5
(416) 878-6860

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