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Real Estate Thought For the Day

Toronto and The GTA Condo Market Stands Strong

in 2nd Quarter 2018

toronto condos sales reports 2018 2nd quarter

 

 

 

We have been talking about the price per square foot rising over the past year and how the Downtown Toronto condo market has been stronger than reported by media. Well, today we are now beginning to see the average price per condo strengthening within the market. This is not do to any major changes within the market other that larger suites are being sold than prior. Of course the larger the suite the more for the condo moving the prices up by 8.7% in the Toronto condo market. This is great news for those selling larger suites but the best indicator is still the price per square foot which we reported recently was up by more than $80 in the downtown Toronto condo market.

 

Condominiums

Market

Q2 2017

Q2 2018

Quarter-
Over-
Quarter 
(%)

Year-
Over-
Year 
(%)

Greater Toronto Area

$463,836

$504,073

3.9%

8.7%

Ajax

$349,653

$362,044

-0.1%

3.5%

Brampton

$337,667

$362,573

1.3%

7.4%

Burlington

$403,449

$404,889

0.4%

0.4%

Markham

$440,973

$460,678

0.2%

4.5%

Milton

$404,351

$429,634

0.5%

6.3%

Mississauga

$367,099

$399,244

3.2%

8.8%

Oakville

       

Oshawa

$268,328

$279,239

-2.3%

4.1%

Pickering

$369,076

$413,508

0.2%

12.0%

Richmond Hill

$401,937

$440,191

2.5%

9.5%

Scarborough

$344,562

$380,106

1.8%

10.3%

Toronto

$505,587

$552,835

4.7%

9.3%

Vaughan

$461,248

$473,519

-0.5%

2.7%

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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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