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 December, the average price per sq.feet was $139,937. In the following month the price per sq.feet decreased considerably to $25,960. The price for the following two months in (February, March) had a considerable decrease of 12 with regard to the prior two months. The price per sq.feet has had a considerable increase of 144 % 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 $46,636.75 to $67,225.5 during April, and May.
Based upon to the price in Toronto (cities), this has fallen considerably in the last 6 months. The average price for December is $905,379. During January the price had a considerable reduction till $738,019. During the following two months (February, March) the average price had a considerable reduction of 52 % 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 122 % 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 $758,910 they are 22 % more affordable than the average price for Toronto. The properties with the highest average price have 4 bedrooms, Their price is 157 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,067,612.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $717 / sq.feet, with an average $97,605 / sq.feet price in Toronto. The properties with the lowest average prices have 1 bedroom. They are 99 % cheaper than the average followed by properties with 2 bedrooms with a price at $839 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $758,910 it is 20 % cheaper than the average price in Toronto. "Condo" is seen as the second most affordable property type. The dearest property type is "House" followed by "Office". At a price of $772,051 it is 59 % more expensive than the average price.
According to the average cost per sq.feet, the cheapest property type is "Condo" at an average cost of $881 / sq.feet followed by "Townhouse" priced at $25,882 / sq.feet. "House" is the most costly type of property with a $283,399 / sq.feet cost followed by "Apartment" with an average price of $95,269 / sq.feet.