We recently posted a story on how Royal LePage’s second quarter report suggested that there didn’t seem to be much of a threat for dropping home prices in Canada.
Toronto has been the target of a lot of real estate anxiety over the past few years, but the new numbers don’t show any dramatic declines in the country’s biggest city either. Overall Toronto properties saw a 2.5 per cent bump in prices from the same time last year.
But if you’re curious about how homes in your neighbourhood have fared over a year that’s clocked slower sales, the real estate company also narrowed their focus on different districts and property styles.
Comparing the second quarter of 2013 with the same period last year, here are some of the top movers and shakers in the local market:
The top 3 price gainers in Toronto
- Cabbagetown condos saw a 9.3 per cent rise to $410,000.
- Midtown condos rose by 6.9 per cent to $514,000.
- Two-storey homes in The Beach went up 6.5% to a new average of $ 775,000.
The top 3 price bumps in the GTA
- The price of a standard two-storey home in Markham increased by 8.7 per cent to $625,000.
- Bungalows in West Hill, (Scarborough) went up by 8.6 per cent to $492,000.
- Bungalow in Agincourt (Scarborough) rose by 7.1 per cent to $492,500.
The top 3 overall bumps in condo prices across the GTA
- Cabbagetown saw a 9.3 per cent increase to $410,000.
- Midtown suite rose by 6.9 per cent to $514,000.
- Markham properties rose 4.6 per cent to $340,000.
The top 3 overall increases in bungalow prices
- West Hill (Scarborough) properties rose 8.6 per cent $492,000.
- Bungalows in Agincourt (Scarborough) went up 7.1 per cent to $492,500
- Central Scarborough saw a 7 per cent increase to $430,000.
The top 3 overall gains for standard two-storey houses
- Markham houses rose 8.7 per cent to $625,000.
- The Beach had a 6.5 per cent boost to $775,000.
- Richmond Hill houses increased by 6.1 per cent to $ 695,000.
For the full tables for Toronto and the GTA, check out the tables below…