BuyersSellers Where the most (and least) expensive condo areas are along the subway by admin January 10, 2019July 19, 2019 January 10, 2019July 19, 2019 Want a condo but don’t want to compromise on TTC access? Consider something in the Danforth area where the price per square foot is substantially lower than buildings on the Yonge-University-Spadina subway. If you’re looking for luxury, get off at Museum where condos in the vicinity average $1,029 per square foot; inventory is limited, but you’re close to the ROM, the funky Annex neighbourhood and Yorkville, says Carl Langschmidt, president of Condos.ca. The data-based real estate brokerage has come up with a map illustrating the price per square foot of condos around TTC stations. It shows that you can buy more for less around Yorkdale, where a square foot of space averages $375. That’s because the buildings tend to be a little older, he said. The map provides the average cost of a square foot around subway stops from Jan. 1 to May 10 of this year. The average is based on a radius of about the halfway point from one subway station to the next on the line. TTC stops average about 800 metres apart but the distance can be more than 1 km north of Spadina station toward Sheppard West, formerly known as Downsview station, and as close as 400 to 500 metres apart on the Danforth, said transit spokesman Brad Ross. Price per square foot is the best measure of what you’re getting for your money, said Langschmidt. “It’s not just about average price. Average price doesn’t take into account how the size of units have been (historically) trending downwards,” although there has been a slight rise in the average size of new units in the last year. “It gives you a more accurate sense of how prices are changing,” he said. Langschmidt says the Danforth has been undervalued. It hasn’t attracted as much development as some other areas of Toronto but mid-rise condos are emerging. expensive condoGTA Condo Buyershome buyersluxury condosmost expensive condoReal Estate News About Nest and Castle Nest & Castle Inc is a leading edge real estate brokerage based in the heart of the Greater Toronto Area (GTA). We provide creative solutions and strategic advice on all aspects of the real estate industry. Our mix of conventional real estate techniques and forward-thinking technologies makes the buying or selling of your home, an easy and enjoyable experience. Search Exclusive New Developments Looking for your Dream Home? Sell Smarter With Data. It's The Future. 0 comment previous post What Was the ROI on Canadian Real Estate in 2018? next post Bank of Canada announces interest rate decision You may also like Breaking: Federal budget includes first-time buyer incentives March 19, 2019 These Are the Top Ontario Sellers’ Markets December 4, 2018 Why it’s important to choose quality paint for... November 29, 2020 Condo Purchasers Motivated by Wealth and Lifestyle, But... January 10, 2019 First Look: Universal City 3 – Pickering September 15, 2019 Menkes Mobilio Condos and Town House at the... April 4, 2019 M City Condos Phase 3 Mississauga October 18, 2018 Despite concerns there could be 2 rate rises... January 10, 2019 CentreCourt introduce PRIME Condos to Toronto’s East Core January 23, 2019
Want a condo but don’t want to compromise on TTC access? Consider something in the Danforth area where the price per square foot is substantially lower than buildings on the Yonge-University-Spadina subway. If you’re looking for luxury, get off at Museum where condos in the vicinity average $1,029 per square foot; inventory is limited, but you’re close to the ROM, the funky Annex neighbourhood and Yorkville, says Carl Langschmidt, president of Condos.ca. The data-based real estate brokerage has come up with a map illustrating the price per square foot of condos around TTC stations. It shows that you can buy more for less around Yorkdale, where a square foot of space averages $375. That’s because the buildings tend to be a little older, he said. The map provides the average cost of a square foot around subway stops from Jan. 1 to May 10 of this year. The average is based on a radius of about the halfway point from one subway station to the next on the line. TTC stops average about 800 metres apart but the distance can be more than 1 km north of Spadina station toward Sheppard West, formerly known as Downsview station, and as close as 400 to 500 metres apart on the Danforth, said transit spokesman Brad Ross. Price per square foot is the best measure of what you’re getting for your money, said Langschmidt. “It’s not just about average price. Average price doesn’t take into account how the size of units have been (historically) trending downwards,” although there has been a slight rise in the average size of new units in the last year. “It gives you a more accurate sense of how prices are changing,” he said. Langschmidt says the Danforth has been undervalued. It hasn’t attracted as much development as some other areas of Toronto but mid-rise condos are emerging.