In this edition, we’re zeroing in on Toronto’s new condo market and providing you with seven facts on pricing, square footage and maintenance fees that you won’t find anywhere else. Before we get started, let’s get one thing straight: these are Toronto city proper figures, not GTA.
Got it? Okay, time to get down to business…
The average price of a new condo suite in Toronto is $500,685 according to unit pricing information currently available on BuzzBuzzHome. The highest suite price is $18,373,000 while the lowest is $152,760.
The average price of a new one bedroom condo suite is $377,048 and the average two bedroom price is $529,497.
Not enough data for you? Okay, let’s do a lightning round:
- The average condo suite size is 865 square feet.
- The largest suite is 11,370 square feet at Aura at College Park and the smallest is 270 square feet at Peter Street Condos.
- Estimated price per square foot is currently sitting at $663.
- Median unit maintenance fees in Toronto are $394.45 (per month) with the highest maintenance fees being $5117 and the lowest being $170.24.
Look out for a new edition of BBH Data next month.
Methodology: All data is based on unit plans found on BuzzBuzzHome. To increase accuracy, each average and estimation has been adjusted to exclude 10 per cent from the top and bottom of the data.