Condo highest price growth in Toronto or North York from last 9 years

Taking into account that condos’ average prices in North York are ~50-57% lower than in Toronto and the average price growth was higher for North York’s condos during the last 9 years. It must be reasonable to say that investing a less amount of money in a condo in North York would mean the investor should expect a higher capital gain than in Toronto.

 

And if the investor is interested in a long-term investment, it might be reasonable, based on graph #5 and table 3 to consider 20-25 year old buildings in Toronto (when the price is relatively lower but the annual average price growth was the highest) and the annual price increase was the minimum for 35-40 year old buildings. Or consider 20-25 year old buildings in North York that might expect a high price growth by the time they are 35-40 years old and might be good for sale (having the highest price, according to graph #4).

But the character features and quality of a particularly aged building should be considered. The high average price growth of North York condos might be related to bedroom size differences, quality of building materials, amenities etc. The fact that 35-50 year old condos in North York have larger rooms, are more expensive, and have a higher quality of exteriors than new buildings in downtown Toronto that have small bedrooms and are built mostly of glass and metal.