The prices in real estate in Toronto, in the Ontario region have had a minor fall in the last couple of months. The real estate prices for second hand homes have fallen in this city
The price per sq.feet in Toronto has fallen in the last 6 months. In February, the average price per sq.feet was $866. In the following month the price per sq.feet decreased to $776. The price for the following two months in (April, May) decreased 92 % with regard to the prior two months. The price per sq.feet has barely changed in the last two months compared to the average price of the previous four months going from an average price of $789.75 to $802 during June y July
Based upon to the price in Toronto (cities), this has gone up in the last 6 months. The price in February is $830,181, rising in March till $898,465. During the following two months (April, May) the average price fell 93 % with regard to the previous two months. Based on an analysis of the first four prices and the last two months the average price has gone up 113 % during the last two months.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $979,240 they are 38 % more affordable than the average price for Toronto. The properties with the highest average price have 4 bedrooms, Their price is 95 % more costly than the average. After that we have properties with 3 bedrooms priced at $966,171.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $660 / sq.feet, with an average $776 / sq.feet price in Toronto. The properties with the highest average prices have 1 bedroom. They are 32 % more expensive than the average followed by properties with 2 bedrooms with a price at $812 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $979,240 it is 56 % cheaper than the average price in Toronto. "Apartment" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $1,415,620 it is 65 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Commercial" at an average cost of $281 / sq.feet followed by "Office" priced at $570 / sq.feet. "Condo" is the most costly type of property with a $949 / sq.feet cost followed by "Apartment" with an average price of $805 / sq.feet.