{"id":15871,"date":"2018-10-25T01:00:00","date_gmt":"2018-10-25T05:00:00","guid":{"rendered":"http:\/\/www.zoocasa.com\/blog\/?p=15871"},"modified":"2019-07-08T11:40:55","modified_gmt":"2019-07-08T15:40:55","slug":"toronto-neighbourhoods-where-condos-appreciate-more-than-houses-infographic","status":"publish","type":"post","link":"https:\/\/www.zoocasa.com\/blog\/toronto-neighbourhoods-where-condos-appreciate-more-than-houses-infographic\/","title":{"rendered":"Toronto Neighbourhoods Where Condos Appreciate More Than Houses [INFOGRAPHIC]"},"content":{"rendered":"

Until recently, in the Toronto real estate market, buyers looking for\u00a0value appreciation potential typically saw houses as a sure thing; as of March 2017, detached home prices were soaring, up a whopping 29.8 per cent year over year.<\/p>\n

That all changed, however, with the implementation of the Ontario Fair Housing Plan \u2013 rolled out by the former provincial government to improve housing affordability, it effectively chilled the detached and semi-detached housing market.<\/p>\n

But as activity\u00a0for low-rise housing fell by double-digit percentages throughout the GTA, the opposite occurred in the condo market, with multi-family housing now leading the market in terms of price growth \u2013 a trend that has continued well into 2018. New quarterly data from the Toronto Real Estate Board reveals the average unit price rose 9.7 per cent year over year to $594,039 between July and September. Last month alone<\/a>, the average unit fetched $615,582, up 11.7 per cent, compared to a decline of 1.4 per cent for detached home prices.<\/p>\n

Condo Prices Remain King in Toronto<\/h2>\n

In fact, according to a new value appreciation analysis by Zoocasa, condo values are up \u00a0in 23 of 35 markets, and up 11 per cent compared to last year throughout the city as a whole. In comparison, low-rise homes (the weighted average of detached and semi-detached houses) rose only 1 per cent, and only outpaced condos in 12 neighbourhoods.<\/p>\n

However, not all Toronto neighbourhoods experience growth at the same pace; houses for sale in Etobicoke<\/a>, Islington City Centre W, Leaside, Moore Park, and Regent Park, \u00a0generally saw greater value appreciation than the area\u2019s condo stock, likely due to a higher luxury price point.<\/p>\n

Condos in downtown Toronto<\/a>, especially toward the city’s west end, continue to reign supreme, supported by a booming city-centre job market and demand for the 416\u2019s trendiest neighbourhoods. As well, neighbourhoods known for their upscale housing stock, such as North York\u2019s Willowridge community, as well as tony Yorkville, are among the top five areas experiencing the greatest price appreciation.<\/p>\n

Check out the infographic below to the Toronto neighbourhoods where condo values have increased more than houses, and vice versa:<\/p>\n

\"zoocasa-toronto-condo-house-appreciation\"<\/a><\/p>\n

*Home prices are from Toronto Real Estate Board’s September Report. Average house prices are calculated as a weighted average of detached and semi-detached home prices. Calculations by Zoocasa.<\/em><\/p>\n

\u00a0<\/strong>Top 5 Neighbourhoods Where Condo Prices Appreciated More Than Houses<\/h3>\n
    \n
  • TIE 1 \u2013 (W09) Willowridge, Martingrove, Richview<\/strong><\/li>\n<\/ul>\n

    Average Condo Price: $372,000 (+43%)<\/p>\n

    Average Semi \/ Detached Price: $1,006,00 (+16%)<\/p>\n

    Total SNLR: 45% (BALANCED)<\/p>\n

      \n
    • TIE 1 \u2013 (W05) Black Creek, York University Heights<\/strong><\/li>\n<\/ul>\n

      Average Condo Price: $358,566 (+43%)<\/p>\n

      Average Semi \/ Detached Price: $745,160 (+5%)<\/p>\n

      Total SNLR: 43% (BALANCED)<\/p>\n

        \n
      • 2 \u2013 (E10) \u2013 West Hill, Centennial Scarborough<\/strong><\/li>\n<\/ul>\n

        Average Condo Price: $297,500 (+37%)<\/p>\n

        Average Semi \/ Detached Price: $827,370 (-9%)<\/p>\n

        Total SNLR: 35% (BUYERS\u2019)<\/p>\n

          \n
        • 3 \u2013 (E06) \u2013 Birchcliff<\/strong><\/li>\n<\/ul>\n

          Average Condo Price: $536,333 (+35%)<\/p>\n

          Average Semi \/ Detached Price: $965,362 (+7%)<\/p>\n

          Total SNLR: 32% (BUYERS\u2019)<\/p>\n

            \n
          • TIE 4 \u2013 (W01) \u2013 Roncesvalles, Parkdale<\/strong><\/li>\n<\/ul>\n

            Average Condo Price: $629,045 (+32%)<\/p>\n

            Average Semi \/ Detached Price: $1,716,518 (+18%)<\/p>\n

            Total SNLR: 63% (SELLERS\u2019)<\/p>\n

              \n
            • TIE 5 \u2013 (C02) \u2013 Yorkville, Annex, Summerhill<\/strong><\/li>\n<\/ul>\n

              Average Condo Price: $1,209,938 (+32%)<\/p>\n

              Average Semi \/ Detached Price: $2,020,217 (+23%)<\/p>\n

              Total SNLR: 43% (BALANCED)<\/p>\n

                \n
              • TIE 5 \u2013 (E08) \u2013 Scarborough Village, Guildwood<\/strong><\/li>\n<\/ul>\n

                Average Condo Price: $364,915(+29%)<\/p>\n

                Average Semi \/ Detached Price: $851,155 (+1%)<\/p>\n

                Total SNLR: 50% (BALANCED)<\/p>\n

                Top 5 Neighbourhoods Where House Prices Appreciated More Than Condos<\/h3>\n
                  \n
                • 1 \u2013 (C08) \u2013 Regent Park, St. James Town<\/strong><\/li>\n<\/ul>\n

                  Average Condo Price: $695,740 (+14%)<\/p>\n

                  Average Semi \/ Detached Price: $1,891,000 (+58%)<\/p>\n

                  Total SNLR: 52% (BALANCED)<\/p>\n

                    \n
                  • 2 \u2013 (C09) \u2013 Rosedale, Moore Park<\/strong><\/li>\n<\/ul>\n

                    Average Condo Price: $1,474,379 (+30%)<\/p>\n

                    Average Semi \/ Detached Price: $4,097,250 (+51%)<\/p>\n

                    Total SNLR: 38% (BUYERS\u2019)<\/p>\n

                      \n
                    • 3 \u2013 (C11) \u2013 Leaside, Thorncliffe Park, Flemingdon Park<\/strong><\/li>\n<\/ul>\n

                      Average Condo Price: $446,538 (+15%)<\/p>\n

                      Average Semi \/ Detached Price: $2,404,875 (+26%)<\/p>\n

                      Total SNLR: 55% (BALANCED)<\/p>\n

                        \n
                      • 4 \u2013 (W07) \u2013 Stonegate-Queensway <\/strong><\/li>\n<\/ul>\n

                        Average Condo Price: $510,000 (+5%)<\/p>\n

                        Average Semi \/ Detached Price: $1,484,853 (+25%)<\/p>\n

                        Total SNLR: 43% (BALANCED)<\/p>\n

                          \n
                        • 5 \u2013 (W08) \u2013 Islington-City Centre West<\/strong><\/li>\n<\/ul>\n

                          Average Condo Price: $499,903 (+1%)<\/p>\n

                          Average Semi \/ Detached Price: $1,513,584 (+24%)<\/p>\n

                          Total SNLR: 40% (BALANCED)<\/p>\n","protected":false},"excerpt":{"rendered":"

                          Until recently, in the Toronto real estate market, buyers looking for\u00a0value appreciation potential typically saw houses as a sure thing; as of March 2017, detached home prices were soaring, up a whopping 29.8 per cent year over year. That all changed, however, with the implementation of the Ontario Fair Housing Plan \u2013 rolled out by […]<\/p>\n","protected":false},"author":39,"featured_media":15886,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"footnotes":""},"categories":[1114,1107,33,181],"tags":[],"class_list":["post-15871","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-affordability-reports","category-infographics","category-real-estate-news","category-toronto-real-estate"],"yoast_head":"\nWhere Condos Appreciate More Than Houses INFOGRAPHIC | Zoocasa<\/title>\n<meta name=\"description\" content=\"Did you know that there are Toronto neighbourhoods where condos appreciate more than houses? 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