Last month, Toronto was Canada’s 79th priciest – this month at number 79 it’s gained 303 While month on month that number shouldn’t matter too much, as fluctuation is common, it’s worth checking back regularly to see whether the improvement continues.
While the median for Ontario is $335,000 , which means that Toronto’s median price is $399,588 considerably better than the rest of the province.
2 bedroom properties are the most common available for real estate investors this month in neighbourhood.
There are 196 neighbourhoods that have more properties on sale than Toronto at the moment in Ontario which puts the neighbourhood in the top 20% when looking at the number of properties to choose from.
Can we guarantee how well Toronto is going to do next year? No, but we can look at the data we have and use it as a starting point before doing research.
One of the important leading indicators for property investors is whether the amount of stock on the market is increasing or decreasing – as more comes on buyers have more choice so prices can tend to drop. In Toronto, the amount of stock on the market has decreased which is a positive indicator for house prices. Three months ago there were 6137, this month we show 3533.