New Condo Stats across GTA
Hey all,
I was analyzing the new construction condo market in a few urban areas across GTA to see if the investors there are really getting their money's worth. Attached is what I've seen as per MLS. Some notes and disclaimers:
Cheers
I was analyzing the new construction condo market in a few urban areas across GTA to see if the investors there are really getting their money's worth. Attached is what I've seen as per MLS. Some notes and disclaimers:
- The data looks at condo sales and leases which are either new or 0~5 years old
- I looked at median figures because the mean (average) skewed results thanks to the outliers
- Most sales are resales however some are straight from the builders who used MLS to sell remaining inventory
- The data is as of March 1, 2017. Given the current dynamic nature of the market, older data was not as relevant and MLS also limits the results to 200
- This only focuses on 1BR, 1BR+Den and 2BR condos - not lofts, bachelor/studio units, 3BR+ condos
- This does not show the price change over time (i.e. capital appreciation, or increasing rent) of the area. This simply focuses on rent vs purchase price
Cheers
Last edited by Clueless Fox on Apr 14th, 2017 4:43 pm, edited 2 times in total.
CPA. Realtor.