A past client of mine called me out of the blue earlier this week. I was not expecting him to call as I helped get him and his family get a condo in January. He reached out because he would like to get the ball rolling on purchasing a townhome in 2022.
A trend I am starting to see now in Toronto housing is a growing demand for Townhouses. This makes sense as this housing type offers a bit more space for social distancing and working fro home than a huge condo high rise, & more easily attainable than a detached or semi-attached home.
From the August TRREB stats that just released last week, the average for a Toronto Townhouse is $865,196. Good news is that you can still find townhomes in Toronto averaging in the low $500ks. Don’t believe me? Read on!
5 Toronto Neighborhoods where Townhouse Prices are still comparatively low:
Average price: $708,000
Centered around the Bathurst & Finch intersection, this area offers easy access to major arterials with local treasures like G.Ross Lord Park. 
Average price: $641,000
This up-and-coming neighborhood will benefit from a new station on the Eglinton Crosstown LRT next year, and property values are likely to climb once the new line open, plus easy access to highways is another big selling point… 
YORK UNIVERSITY HEIGHTS
Average price: $591,500
This area already got its new subway station a few years back, but relatively low prices continue to attract buyers to the area. 
Average price: $565,000
These twinned neighborhoods bisected by a stretch of Kensington Road are among the last places in the city where a townhouse can be bought for less than $500k. The Eglinton GO station offers quick commutes, though there’s much to see nearby like…the Bluffs. 
JANE & FINCH
Average price: $510,000
Jane & Finch is the cheapest area to buy a townhouse, though buying into the area could be a prudent investment, as the locale is seeing some of the highest appreciation rates in Toronto. 
There’s a couple types of townhomes such as condominium townhomes where you can have access to amenities, or freehold townhomes where you do no pay for common charges. I’m always excited to talk about the plethora of housing options out there, so feel free to reach out to me anytime.
Toronto Stats this Past Week
MLS activity from September 8 to 14 for residential properties:
↑ For Sale:
↑ Newly Listed:
↑ For Rent:
Compare the above to the week before from September 1-7
when there were 4,450 for sale, 815 newly listed, 240 sold & 5,208 for rent.
Today’s newest listings
TORONTO HOUSES FOR SALE
|Under $950k||$950k to $1.2M||$1.2M to $1.6M|
|$1.6M to $2M||$2M to 3M||Over $3M|
TORONTO CONDOS FOR SALE
|Under $500k||$500k to $600k||$600k to $700k|
|$700k to $800k||$800k to $1M||Over $1M|
|GTA Fixer Uppers||Ontario Foreclosures||Map Search|
(Email or call me directly for specific sold or off-market properties)
If you would like me to look up any other numbers for you, just call or text me 647-804-8601. Let me know how I can help with your (RE)search.