Toronto condo prices still below historical average price of freehold. Will Toronto condo prices continue to rise?
Posted on Oct 22, 2018
Between 1996 – 2011 the average re-sale condo price stood relatively stable at about 54% of the price of re-sale freehold property (detached, semis and row homes). Over this 16 year period, prices never exceeded 58% or dipped below 52% of freeholds in a single year.
For those unfamiliar with the term, freehold refers to the type of ownership and mo...