The prices in real estate in Toronto, in the Ontario region have had a strong rise in the last couple of months. The real estate prices for second hand homes have gone through a strong increase in this city.
The price per sq.feet in Toronto has increased strongly during the last 6 months. In March, the average price per sq.feet was . In the following month the price per sq.feet increased considerably to $36,846. The price for the following two months in (May, June) had a considerable increment of 399 %. The price per sq.feet has had a considerable deflation of 10 % 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 $46,001.75 to $4,678 during July, and August.
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 March, is . During April the price went through a considerable rise reaching $773,290. During the following two months (May, June) the average price had a considerable increase of 199 % 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 135 % 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 $856,037 they are 32 % more affordable than the average price for Toronto. The properties with the highest average price have 4 bedrooms, Their price is 17 % more costly than the average. After that we have properties with 3 bedrooms priced at $889,776.
With regard to the average price per sq.feet , those properties with 4 bedrooms are the cheapest ones at a cost of $921 / sq.feet, with an average $1,000 / sq.feet price in Toronto. The properties with the highest average prices have 2 bedrooms. They are 14 % more expensive than the average followed by properties with 3 bedrooms with a price at $1,115 / sq.feet.
The graph displaying the average prices displays the property type "Commercial" as the most affordable one. At an cost of $856,037 it is 60 % 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 $1,140,280 it is 105 % 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 $242 / sq.feet followed by "Office" priced at $520 / sq.feet. "Apartment" is the most costly type of property with a $64,729 / sq.feet cost followed by "House" with an average price of $25,023 / sq.feet.