Subway

Study ranks condo prices along Toronto’s subway stations

Tuesday, June 11, 2019

A Toronto study has revealed the varying price of condominium units along the city’s TTC subway line. The research was conducted by real estate search engine firm Homes.ca, which assessed the sale price of condos near TTC subway stops to determine a square foot average for each. It then used that data to determine the least and most expensive stops to live near.

According to the results, Toronto’s top 5 least expensive areas by station were as follows:

1. Kennedy ($450 per sq.ft.)
2. Yorkdale ($475 per sq.ft.)
3. Ellesmere ($476 per sq.ft.)
4. Lawrence East ($499 per sq.ft.)
5. Victoria Park ($502 per sq.ft.)

“The best deals on condos can be found on the east end,” the report states. “Kennedy station, for example, has the lowest average price per square foot. Those looking for a more central location can also find good deals in the North York area.”

Alternatively, the top 5 most expensive areas by TTC subway stops are:

1. Bloor-Yonge ($1,151 per sq.ft.)
2. Queen’s Park ($1,169 per sq.ft.)
3. Bay ($1,197 per sq.ft.)
4. St George ($1,234 per sq.ft.)
5. Museum ($1,289 per sq.ft.)

Homes.ca launched the study to help condo buyers compare key hubs along the popular transit line, noting, “TTC access plays an increasingly important role in the day to day life of Torontonians. Looking at the average price per square foot is the best way to do a comparison and ultimately determine what you’re getting for your money.”

Leave a Reply

Your email address will not be published. Required fields are marked *