Toronto Real Estate Statistics
| Average Home Price | $2.3M |
|---|---|
| Lowest Listing Price | $490K |
| Highest Listing Price | $29.8M |
| Total Property Listings | 2,971 |
| Avg. Price/SQFT | $1.1K |
Property Types (active listings)
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Toronto real estate is incredibly diverse, so home buyers will find everything from pre-construction condos to townhomes, detached single-family homes, split-levels, and bungalows. There are also numerous commercial properties available.
Condos are incredibly popular in Toronto and can be an excellent investment. A Toronto condo can be much more affordable than a single-family home and less maintenance because the HOA will typically take care of tasks like trash removal, upkeep in public areas, and some repairs.
New condo developments in Toronto are on the rise, which means there are great opportunities to get in early. Buying a Toronto pre-construction condo can offer a number of benefits including better price, increased resale value, and the opportunity to customize the layout, finishes, and more.
Toronto condo assignments are another great opportunity to start or enhance your real estate portfolio. Buyers may be able to get condo assignments cheaper than the price of a finished condo and make a profit if they decide to resell the condo.
Townhomes in Toronto are semi-detached homes that usually only share a wall or two with their neighbours. Many Toronto townhomes are multi-storey and have outdoor areas like rooftop patios or ground level terraces.
Single-family homes in Toronto are another popular option with home buyers, although they can be more expensive than condos or townhomes. These types of homes often have multiple bedrooms and bathrooms on two or more storeys.
Luxury homes in Toronto are simply spectacular. They range from palatial penthouses in luxury condo buildings to gorgeous townhouses and sprawling estates with manicured lawns, soaring ceilings, and exquisite living spaces. Luxe amenities could include:
- Swimming pools
- Fireplaces
- Home theatres
- Marble floors
- Outdoor entertaining areas.
Being the centre of commerce it is, Toronto also has numerous commercial properties for sale. If you're planning on starting a business in Toronto, you can find a variety of spaces including storefront properties on main roads that see a great deal of foot traffic to private offices and more.
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About Toronto, ON
The area that Toronto occupies has always been an important trade and transportation route. It has been settled many times by First Nations people, the French, and the British. It was called York for some time, and then officially incorporated as Toronto in 1834.
Toronto has seen a tremendous amount of growth over the past 30 years. Nearly three million people now call the city home, and that number is expected to grow in the coming years. People flock to the city for its excellent job opportunities, access to education, and quality of life.
The city of Toronto sits on the western shore of Lake Ontario and spreads outwards in all directions. It contains hundreds of neighbourhoods, each with their own unique character. Main suburbs of Toronto include Scarborough, North York, and East York.
Amenities & Attractions in Toronto, ON
No matter what you’re searching for, you can probably find it in Toronto! The city has a plethora of shops, restaurants, nightclubs, museums, art galleries, and sports and fitness facilities. Plus, no matter where you live in Toronto, you’re never far from amenities like schools, parks, and transportation.
Toronto’s most famous attraction is the CN Tower, which soars above the skyline at just over 553 metres. Visitors can make a trip up to the observation tower to see stupendous views of Lake Ontario and the city spread out below.
There are numerous places to get your arts and culture fix in Toronto. The Art Gallery of Ontario has rotating exhibitions of contemporary art, as well as an extensive permanent collection. The Royal Ontario Museum covers multiple eras of history and also has regularly changing exhibitions.
You could eat out every single day in Toronto and still not scratch the surface of its dining scene. The diverse cultural makeup of the population means that you have endless options of cuisines, from Greek to Korean, Iranian, Mediterranean, Mexican, Japanese, and Ethiopian.
Kids will love getting up close and personal with wild animals at the Toronto Zoo or going ice skating at Nathan Phillips Square during the winter. Other popular spots for little ones include the Hockey Hall of Fame, the Ontario Science Centre, and Ripley’s Aquarium of Canada.
Toronto also hosts a large number of events throughout the year that are popular with residents and tourists alike. These are just a few of the most popular Toronto festivals and events:
- Toronto Film Festival
- Caribana
- Taste of Danforth,
- Toronto Pride Week.
- Canadian National Exhibition
- Beaches International Jazz Festival
- NXNE
- Toronto Fringe Festival
- Summerlicious
Interested in learning more about Toronto homes for sale? Contact Jay Banerjei online or call 647-273-1119 to speak to one of our local Toronto real estate agents today! We specialize in Toronto pre-construction condos, condo assignments, and can answer all your questions about Toronto real estate.
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