Toronto is Canada's largest city (6 mln people are living there). It is the most americanized of all the Canadian cities, a major business and industrial center. It is also the economic engine of the country with a very low unemployment rate. That is why the city attracts people from all over the world.
How much does real estate in Toronto cost?
Prices for apartments in Toronto start from $ 170,000 and a good studio in the city center costs $ 210,000. Luxury apartments cost $ 900,000 approximately and even more. To date, the average price of a condo in Toronto is $ 392,700 and $ 367,000 in the suburbs of Toronto. The price of square meter in the apartment is $ 3,600 - $ 7,900.
The average price of a detached home in Toronto is $ 880.443. The average price of a townhouse is $ 493.989. Real estate prices in Toronto increased by 7,3% in 2014.
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