Photo: Dundee Kilmer Developments Limited
As Toronto’s housing market began to balance out in the final months of 2017, one dwelling type refused to cool down. The city’s condo market is hotter than ever — in November, the benchmark price for a condo was up 42.6 per cent year-over-year to a record $702,992.
Still, some condo buildings are appreciating faster than others. According to a new report from Zoocasa, condos south of Queen Street saw the biggest surge in value in 2017, with several buildings seeing a 30 per cent increase in price-per-square-foot. A buyer who purchased a unit for $400,000 in 2016 would have gained $120,000 in 2017.
Zoocasa reviewed over 400 buildings in downtown Toronto, calculating price appreciation by sold price per-square-foot in 2017 compared to 2016, in buildings with a minimum of 25 transactions.
Here are the top 10 appreciating condos in the city:
1. Apex at Cityplace — 36.5 per cent increase to $735.72 psf
Photo: Concord Adex
2. Library District — 35.5 per cent increase to $820.71 psf
3. Luna Vista at Cityplace — 35 per cent increase to $728.96 psf
Photo: Concord Adex
4. Tableau Condominiums — 34.8 per cent increase to $908.11 psf
5. Harbour View Estates III – 33.8 per cent increase to $743.16 psf
6. Neptune — 32.9 per cent increase to $708.49 psf
7. Harbour View Estates I — 32.6 per cent increase to $757.63 psf
Photo: Concord Adex
8. Canary District — 31.6 per cent increase to $798.83 psf
9. New Times Square — 29.8 per cent increase to $756.94 psf
Photo: 109 Front Street East Inc.
10. Malibu Condos — 29 per cent increase to $697 psf
Photo: Malibu Investments
You can find all of the buildings on this interactive map:
