2010 versus 2015: Where have Toronto condo prices increased the most!

Once only home to a handful of scattered and ageing apartment buildings, the neighbourhoods anchoring Fairview Mall have seen condo transactions jump from a modest 71 sales in 2010 to 296 in 2015.

That huge spike is wholly-due to a condo boom that saw an influx of new residential towers rise in the area – the majority of which are bundled around Fairview Mall and the Don Mills Subway Station. Prices in the area have also kept pace with the bolster in sales activity, as values jumped by 45 percent during the same five year period.

It’s that 45 percent jump in prices that places the Fairview Mall neighbourhood on the top of our list of where condo values increased the most in Toronto since 2010.

The remaining six communities covered in this post are far more representative of the city’s long established condo-heavy markets (think downtown central and Willowdale in North York).

In looking to provide an accurate reflection of the top areas for condo price growth, we chose to only cover communities that saw at least 200 condos change hands between January and September 2015. Larger condo markets are less affected by one-off sales and luxury purchases, and in turn, paint a far more precise reading of the market.

versus 2015: Where have Toronto condo prices increased the most in a full screen map

Below is a list of Toronto’s condo markets ranked in order of greatest 5 year price growth. Analysis pits year-to-date figures for January to September 2015 versus the same time frame in 2010. All the areas listed experienced at least a 20 percent increase in prices.

– Fairview Mall Area
•Neighbourhoods: The Peanut and Henry Farm

Avg. Price 2010: $226,413
Avg. Price 2015: $327,355

5 Year Price Growth: 42%

– Bay Street Corridor
•Neighbourhoods: Central Bay Street Area

Avg. Price 2010: $422,570
Avg. Price 2015: $538,846

5 Year Price Growth: 28%

– Church-Yonge Corridor
•Neighbourhoods: Church & Wellesley

Avg. Price 2010: $361,920
Avg. Price 2015: $452,091

5 Year Price Growth: 25%

– Mount Pleasant West

•Neighbourhoods: – Yonge & Eglinton and Davisville

Avg. Price 2010: $437,499
Avg. Price 2015: $547,951

5 Year Price Growth: 25%

– Waterfront Communities C8

•Neighbourhoods: – St. Lawrence & Distillery District

Avg. Price 2010: $387,384
Avg. Price 2015: $479,055

5 Year Price Growth: 24%

– Waterfront Communities C1

•Neighbourhoods: – Entertainment District & Fashion District

Avg. Price 2010: $370,988
Avg. Price 2015: $459,579

5 Year Price Growth: 24%

– Willowdale West

•Neighbourhoods: – North York Centre & Yonge and Finch

Avg. Price 2010: $342,889
Avg. Price 2015: $419,478

5 Year Price Growth: 22%

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

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