Investment property in Toronto has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.11%
Taking the average capital gain, or increase in median house value, Toronto,2283 has racked up an average of 8.11% over the period. This ranks it number 1506th in the whole country for real estate investors looking at median house price increases.
Our latest figures would indicate that property sellers in Toronto are currently offering property investors an average price cut of -4.47% below the asking price at the moment.
At number 1225 in a list of fastest selling suburbs, Toronto is in the TOP 40% of suburbs in Australia with an average of days on market 66.92 for properties listed there.
At number 222th in the list of Australian suburbs ordered by increase in median house value over the last year, Toronto, 2283 is in the top 20% with a property value increase of 14.71% recorded in median house prices.
Over the longer term, Toronto has seen property prices show investors a 23.12% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Toronto are currently offering property investors an average price cut of -6.05% below the asking price at the moment.
Residents and property investors in Toronto have been waiting around 101.29 days to sell a property.
With the median price for a house in Toronto being $487500 and the advertised rent reaching $360 the gross rental yield for property investors calculates out to be 3.84%