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 July, the average price per sq.feet was $8,356. In the following month the price per sq.feet decreased considerably to $1,000. The price for the following two months in (September, October) had a considerable decrease of 18 with regard to the prior two months. The price per sq.feet has had a considerable deflation of 34 % 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 $2,766 to $945 during November, and December.
Based upon to the price in Toronto (cities), this has gone up considerably in the last 6 months. The average price during our first sample month during July, is $701,262. During August the price went through a considerable rise reaching $856,037. During the following two months (September, October) the average price had a considerable increase of 120 % 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 risen strongly 119 % 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 $968,274 they are 38 % more affordable than the average price for Toronto. The properties with the highest average price have 4 bedrooms, Their price is 129 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,200,184.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $767 / sq.feet, with an average $968 / sq.feet price in Toronto. The properties with the highest average prices have 1 bedroom. They are 12 % more expensive than the average followed by properties with 2 bedrooms with a price at $999 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $968,274 it is 70 % 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 "Townhouse". At a price of $1,173,401 it is 24 % 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 $275 / sq.feet followed by "Office" priced at $447 / sq.feet. "Apartment" is the most costly type of property with a $18,327 / sq.feet cost followed by "House" with an average price of $1,022 / sq.feet.