Just the stats: understanding property values with condos.ca data

Just the stats: understanding property values with condos.ca data

When you're buying or selling a property in Toronto, there's a lot of research to do to figure out what homes are going for, and what you should reasonably expect to pay (or get) in a certain neighbourhood. 

Luckily condos.ca makes that easy. Want to know where a listing ranks compared to others nearby? Or what the average price per square foot is in the building? How many units were rented in the last year? No problem – it's all there at a glance.

Here’s how to find the info. Simply go to a listing, click on the name of the building (located in the listing address), scroll down to Values & Trends – and you'll find a ton of useful data to help you make an informed decision. 

Price per square foot rank: This shows you where your listing stands compared to others in the area. In the example above, you’ll see the listing is ranked at 310 out of 452 condo buildings in downtown Toronto – it’s in the lower range in terms of price point.

Average price per square foot: This number takes the average price of units sold in the building in the last 12 months. It’s a very good starting point for what you could expect to pay (or get) for a unit in this building.

Area comparison: You can see how price per square foot compares to the neighbourhood average. 

Condo values: Check here to see how much prices in the building have changed compared to this time last year.

Average rent price per square foot: This stat factors in all the units in the building that have been rented in the last year. 

Average days on market: Want to know how long it usually takes for a unit in this building to get snapped up? This stat tells you how long a unit in this building tends to stay on the market before it’s sold. 

Rental volume: This shows how many units in the building have been rented in the previous 12 months. It's a good number to look at to get a sense of how many units in the building are rented versus owner-occupied. Although you'll need to go to the condo board to get exact numbers, this stat can give you an idea if the building is renter-friendly or is more geared towards owners.

Sale and rent prices: This shows you what different bedroom configurations have sold and rented for in the last year.

Historical average price per square foot: Want to see how values in the building have performed over time? This graph makes it easy to visualize how much the property may appreciate over time. It's a great tool for everyone from first-time buyers looking to build equity and move up the property ladder to investors trying to get the best rate of return on their investment. You can also toggle from sold to rented to see how rents have performed over time.

Historical average maintenance fees per square foot: This is a key stat every buyer will want to have in their back pocket: how much and by what increments maintenance fees have gone up over time. You can go back as far as 2013 to see the progression, and if you see any big jumps, you may want to look into them before making an offer.

Parking and Locker maintenance fees: Did you know parking spots and lockers come with their own maintenance fees? These numbers give you a sense of what these elements will run you every month.

Whatever info you need to make a smart move, we've got it

From listing alerts and comparison tools to in-depth area demographics and up-to-the minute sold and rented data – use condos.ca to make informed decisions. 

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