Toronto is an expensive city, especially when it comes to real estate. For many of us, buying a home is a pipe dream considering the average price of detached house is sitting at just over $1 million. But not all neighbourhoods are that exorbitant.
But the results aren’t all that surprising. Prices go up to more than $2 million near Summerhill, Rosedale and Castle Frank and they fall as you travel east along the Bloor-Danforth Line.
Ever wondered what the cheapest neighbourhood for rent is near the subway line? This new subway/rent map of Toronto should help apartment hunters narrow their search.
the overview of rental rates in this city is adequately scary, though the numbers are inflated due to what I might call a condo bias. By prioritizing these units in the composition of the map, the prices per stop tend to be higher than what you’d get if you factored in basement and bachelor units in sub-divided residential homes.
In other words, it’s best to take these numbers with a grain of salt. It’s better to use this map to track the way that rental rates shift from stop to stop than it is as a guide to the cost of renting in general. The average price of a one-bedroom at Lawrence West, for instance, is high at $1,300. Yet, it’s interesting to note that Dufferin and Lansdowne stations are ranked the same.
I’m not sure that there are any major surprises here in terms of trends, but it’s an exercise that’s sure to pique some curiosity. Read it and weep, Toronto.
BlogTo JULY 21, 2016