We got our hands on some very interesting data that MCAP, one of Canada’s leading indie mortgage financing companies, released today. Above is a table detailing the value that land for high-rise condominiums is being purchased at in Toronto. As you can see, the data is broken down by sub-markets (Downtown East, North Toronto etc…).
This is the first time they’ve released this report, so it almost goes without saying that this is super insightful and valuable.
A few things to note: Data is for the period ending May 31, 2012. Values are based on Gross Buildable SF and on standard builder financing terms.
Cool stuff! Thanks for sharing MCAP.