These are Toronto's most expensive condo buildings

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 Zoocasa, a full-service real estate brokerage, data from the Toronto Real Estate Board (TREB) shows that “while condo sales softened 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 Zoocasa says 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 Zoocasa, 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.

Zoocasa

To find out what the most expensive condo buildings in the city are, Zoocasa analyzed over 600 buildings in Toronto to identify the average price per square foot in the past year.

Only buildings with at least five sold units in 2017 were included.

Zoocasa

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

1. U Condos, 65 St Mary St/1080 Bay St – $1,319
2. Four Seasons Residence, 55 Scollard St – $1,296
3. One Bedford, 1 Bedford Rd – $1,231
4. Karma Condos, 15 Grenville St $1,121
5. Residences of the Ritz Carlton, 183 Wellington St W – $1,076
6. Pears on the Avenue, 170 Avenue Rd – $1,062
7. The Prince Arthur, 38 Avenue Rd – $1,040
8. Shangri-La, 180 University Ave – $1,040
9. Theatre Park, 224 King St W – $1,038
10. Murano, 38 Grenville St – $1,013
11. Nicholas Residences, 75 St Nicholas St – $1,012
12. Aura, 386-388 Yonge St – $1,004

Zoocasa

Zoocasa

See also

• Toronto implements 4% tax on short-term rentals and hotels
• Huge mixed-use development will soon change major downtown intersection (RENDERINGS)
• A 39-storey mixed-use condo tower is being proposed for Church and Wellesley