The prices in real estate in Toronto, in the Ontario region have had a strong fall in the last couple of months. The real estate prices for second hand homes have gone through a strong fall in this city.
The price per sq.feet in Toronto has had a strong decrease during the last 6 months. In October, the average price per sq.feet was $1,260. In the following month the price per sq.feet decreased considerably to $928. The price for the following two months in (December, January) decreased 86 % with regard to the prior two months. The price per sq.feet has decreased 93 % in the last two months compared to the average price for the previous four months. This was obtained by comparing the first four months of the period going from a price per sq.feet of $1,014.75 to $939 during February, and March.
Based upon to the price in Toronto (cities), this has gone up in the last 6 months. The average price during our first sample month during October, is $740,663. During November the price went through a considerable rise reaching $875,469. During the following two months (December, January) 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 108 % 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 $869,219 they are 20 % more affordable than the average price for Toronto. The properties with the highest average price have 4 bedrooms, Their price is 54 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,075,287.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $655 / sq.feet, with an average $917 / sq.feet price in Toronto. The properties with the highest average prices have 1 bedroom. They are 8 % more expensive than the average followed by properties with 2 bedrooms with a price at $954 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $869,219 it is 29 % cheaper than the average price in Toronto. "Condo" is seen as the second most affordable property type. The dearest property type is "Land" followed by "House". At a price of $1,612,559 it is 283 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Townhouse" at an average cost of $668 / sq.feet followed by "Triplex" priced at $707 / sq.feet. "Apartment" is the most costly type of property with a $117,267 / sq.feet cost followed by "Land" with an average price of $44,742 / sq.feet.