Condo prices at 25 of Toronto's major downtown intersections (MAP)
Toronto condos are expensive in general.
But when focusing on Toronto’s most popular neighbourhoods, the prices go even higher.
According to TheRedPin, condo prices at 25 of Toronto’s major intersections sold for $667,000 – 22% more than the city-wide average.
The real estate brokerage website charted condo prices at over two dozen of Toronto’s busiest and most walkable intersections and thoroughfares in neighbourhoods from The Fashion District to Yonge and Eglinton.
Their analysis, which looked at prices block-by-block rather than by neighbourhood, measured the average cost of one-bedroom and two-bedroom units that sold around 25 key Toronto street corners between January and August 2017.
See also
- Report: Toronto home sales down 35% in August compared to last year
- The most affordable places to buy a home on the GO Transit line (INFOGRAPHIC)
- This is how much you need to make to buy a home in the GTA
The intersections they focused on experience among the highest levels of pedestrian traffic in the city, and while most have a subway station at their feet, a handful that were looked at don’t (King and Spadina, for example).
One-bedroom apartments dominate these popular street corners, as around 56% of condos feature one bedroom options while roughly 30% of units included two bedrooms. This varies ever-so-slightly from the trend seen across the city, where one and two-bedroom units make up 50% and 43% of the market respectively.
In terms of price, it’s anything but surprising to find that units anchoring these coveted street corners carry higher price tags. Expect to pay approximately 23% more on average for units in these intersections than the city-wide average.
One-bedroom units around these major intersections sold for over the half-million-dollar mark at $545,000. Two-bedrooms boasted a significant premium at $925,000, likely due in large part to the fact that many high-end units fall in this category.
Meanwhile, median sold prices were $519,000 and $847,000 for one and two-bedroom condos respectively.
While, historically, detached home prices led the pack in terms of price appreciation, 2017 has seen a clear shift in favour of condo apartments.
When tracking prices between January to August 2017, TheRedPin found the average sold price of detached homes in Toronto increased 19.8% year-over-year. On the other hand, average condo apartment prices jumped 24.8% – a huge leap that’s notably different from the trends of previous years, when high-rises experienced more modest single-digit annual increases.
Average condo prices in August were down 6.5% from earlier this year in April, while sales have tumbled 31.2%.
Check out the map below for further details. Neighbourhood prices are listed below.
[Map] Condo prices at major Toronto intersections
Yonge Eglinton
Neighbourhood: Midtown
Avg. Price: 1 Bedroom: $507,899
Avg. Price: 2 Bedrooms: $735,771
Yonge Eglinton
Neighbourhood: Midtown
Median Price: 1 Bedroom: $497,500
Median Price: 2 Bedrooms: $702,000
Bay and Dundas
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $490,272
Avg. Price: 2 Bedrooms: $693,062
Bay and Dundas
Neighbourhood: Downtown
Median Price: 1 Bedroom: $478,500
Median Price: 2 Bedrooms: $700,500
Yonge and Dundas
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $503,829
Avg. Price: 2 Bedrooms: $658,234
Yonge and Dundas
Neighbourhood: Downtown
Median Price: 1 Bedroom: $499,900
Median Price: 2 Bedrooms: $635,175
Carlton and Yonge
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $602,323
Avg. Price: 2 Bedrooms: $903,275
Carlton and Yonge
Neighbourhood: Downtown
Median Price: 1 Bedroom: $590,000
Median Price: 2 Bedrooms: $883,900
Queen and Yonge
Neighbourhood: Financial District
Avg. Price: 1 Bedroom: $371,444
Queen and Yonge
Neighbourhood: Financial District
Median Price: 1 Bedroom: $371,444
Adelaide and Bay
Neighbourhood: Financial District
Avg. Price: 1 Bedroom: $505,014
Avg. Price: 2 Bedrooms: $1,004,138
Adelaide and Bay
Neighbourhood: Financial District
Median Price: 1 Bedroom: $465,500
Median Price: 2 Bedrooms: $824,950
King and Yonge
Neighbourhood: Financial District
Avg. Price: 1 Bedroom: $491,203
Avg. Price: 2 Bedrooms: $962,182
King and Yonge
Neighbourhood: Financial District
Median Price: 1 Bedroom: $450,000
Median Price: 2 Bedrooms: $760,000
Bloor and Yonge
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $570,058
Avg. Price: 2 Bedrooms: $913,443
Bloor and Yonge
Neighbourhood: Downtown
Median Price: 1 Bedroom: $553,600
Median Price: 2 Bedrooms: $858,000
Bay and Bloor
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $626,989
Avg. Price: 2 Bedrooms: $1,542,568
Bay and Bloor
Neighbourhood: Downtown
Median Price: 1 Bedroom: $584,500
Median Price: 2 Bedrooms: $1,200,000
St. Clair and Yonge
Neighbourhood: Midtown
Avg. Price: 1 Bedroom: $471,380
Avg. Price: 2 Bedrooms: $882,006
St. Clair and Yonge
Neighbourhood: Midtown
Median Price: 1 Bedroom: $473,000
Median Price: 2 Bedrooms: $720,000
University and York
Neighbourhood: Entertainment District
Avg. Price: 1 Bedroom: $579,413
Avg. Price: 2 Bedrooms: $942,000
University and York
Neighbourhood: Entertainment District
Median Price: 1 Bedroom: $588,888
Median Price: 2 Bedrooms: $851,000
Adelaide and Yonge
Neighbourhood: Financial District
Avg. Price: 1 Bedroom: $471,910
Avg. Price: 2 Bedrooms: $876,500
Adelaide and Yonge
Neighbourhood: Financial District
Median Price: 1 Bedroom: $450,000
Median Price: 2 Bedrooms: $650,000
Gerrard and Yonge
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $540,977
Avg. Price: 2 Bedrooms: $910,695
Gerrard and Yonge
Neighbourhood: Downtown
Median Price: 1 Bedroom: $505,000
Median Price: 2 Bedrooms: $860,000
Bay and King
Neighbourhood: Financial District
Avg. Price: 1 Bedroom: $494,591
Avg. Price: 2 Bedrooms: $1,557,500
Bay and King
Neighbourhood: Financial District
Median Price: 1 Bedroom: $380,000
Median Price: 2 Bedrooms: $1,557,500
Dundas and University
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $492,523
Avg. Price: 2 Bedrooms: $758,844
Dundas and University
Neighbourhood: Downtown
Median Price: 1 Bedroom: $489,000
Median Price: 2 Bedrooms: $733,800
Bay and College
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $576,749
Avg. Price: 2 Bedrooms: $829,801
Bay and College
Neighbourhood: Downtown
Median Price: 1 Bedroom: $581,000
Median Price: 2 Bedrooms: $828,000
John and Queen
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $524,810
Avg. Price: 2 Bedrooms: $760,462
John and Queen
Neighbourhood: Downtown
Median Price: 1 Bedroom: $529,000
Median Price: 2 Bedrooms: $732,500
Wellesley and Yonge
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $544,927
Avg. Price: 2 Bedrooms: $756,817
Wellesley and Yonge
Neighbourhood: Downtown
Median Price: 1 Bedroom: $551,000
Median Price: 2 Bedrooms: $765,000
Bay and Queen
Neighbourhood: Financial District
Avg. Price: 1 Bedroom: $502,300
Avg. Price: 2 Bedrooms: $819,683
Bay and Queen
Neighbourhood: Financial District
Median Price: 1 Bedroom: $504,950
Median Price: 2 Bedrooms: $824,950
Avenue and Bloor
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $753,735
Avg. Price: 2 Bedrooms: $1,346,615
Avenue and Bloor
Neighbourhood: Downtown
Median Price: 1 Bedroom: $632,500
Median Price: 2 Bedrooms: $1,322,000
Front and John
Neighbourhood: Entertainment District
Avg. Price: 1 Bedroom: $613,730
Avg. Price: 2 Bedrooms: $1,318,594
Front and John
Neighbourhood: Entertainment District
Median Price: 1 Bedroom: $525,000
Median Price: 2 Bedrooms: $900,000
University and Wellington
Neighbourhood: Financial District
Avg. Price: 1 Bedroom: $588,236
Avg. Price: 2 Bedrooms: $942,000
University and Wellington
Neighbourhood: Financial District
Median Price: 1 Bedroom: $593,444
Median Price: 2 Bedrooms: $851,000
King and Jarvis
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $518,694
Avg. Price: 2 Bedrooms: $831,585
King and Jarvis
Neighbourhood: Downtown
Median Price: 1 Bedroom: $506,000
Median Price: 2 Bedrooms: $740,600
King and Bathurst
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $533,162
Avg. Price: 2 Bedrooms: $986,873
King and Bathurst
Neighbourhood: Downtown
Median Price: 1 Bedroom: $465,000
Median Price: 2 Bedrooms: $865,518
King and Spadina
Neighbourhood: Downtown
Avg. Price: 1 Bedroom: $540,153
Avg. Price: 2 Bedrooms: $860,149
King and Spadina
Neighbourhood: Downtown
Median Price: 1 Bedroom: $515,000
Median Price: 2 Bedrooms: $849,00
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