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 September, the average price per sq.feet was $87,847. In the following month the price per sq.feet increased considerably to $112,645. In the following two months the price per sq.feet has barely changed, going from $100,246 to $103,042.5 per sq.feet. The price per sq.feet has had a considerable deflation of 23 % 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 $101,644.25 to $23,305 during January, and February.
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 September, is $699,869. During October the price went through a considerable rise reaching $813,433. During the following two months (November, December) the price has had an average incrementation from $756,651 to $839,101.5. During the last two months, the average price has pretty much remained the same with regard to the previous average values going from an average value of $797,876.25 and $798,485 between January and February.
The graph displaying the average price for bedrooms illustrates that those properties with 1 bedroom are the cheapest ones. At a price of $858,951 they are 35 % more affordable than the average price for Toronto. The properties with the highest average price have 4 bedrooms, Their price is 117 % more costly than the average. After that we have properties with 3 bedrooms priced at $1,033,436.
With regard to the average price per sq.feet , those properties with 3 bedrooms are the cheapest ones at a cost of $719 / sq.feet, with an average $20,650 / sq.feet price in Toronto. The properties with the lowest average prices have 1 bedroom. They are 95 % cheaper than the average followed by properties with 2 bedrooms with a price at $824 / sq.feet.
The graph displaying the average prices displays the property type "Apartment" as the most affordable one. At an cost of $858,951 it is 36 % 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 "Commercial". At a price of $737,280 it is 73 % 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 $891 / sq.feet followed by "Commercial" priced at $25,934 / sq.feet. "House" is the most costly type of property with a $164,337 / sq.feet cost followed by "Apartment" with an average price of $33,842 / sq.feet.