North Toronto – Midtown is bordered by the Summerhill train tracks to the south; Avenue Road to the West; Eglinton to the north and Bayview to the east. The neighbourhoods in this quadrant include Yonge – St. Clair, Deer Park, Yonge - Eglinton, Davisville Village and Moore Park. The types of homes sold include condominiums as well as detached, semi-detached and town houses.
In the fourth quarter of 2014, the average price of a single family dwelling in North Toronto-Midtown (NTM) was $1,219,486. By Q4 2015, the price had risen to $1,294,177 - a gain of 6%. The sales-to-list-price ratio averaged 104% for both periods, indicating that many sales attracted multiple bids. In both quarters, the average number of days on market was under 2 weeks. 70 NTM properties changed hands in Q4 2014, while only 66 houses were sold in 2015. These figures paint picture of a Seller’s market - more Buyers than Sellers.
In Q4 2015, the average price of a condominium in North Toronto-Midtown had risen from $564,638 to $604,599 - an increase of 7%. The sales-to-list-price ratio stayed constant at 99%, while the days on market count went from 18 to 22. 80 NTM condos were sold in Q4 2014. In Q4 2015 this number dropped to 66 sales. In 2014, 5 condos traded at or above $1 million; in 2015 that number had increased to 7.
North Toronto – Midtown enjoys leafy neighbourhoods, good schools and access to the Yonge-University subway line. The value of its housing stock will continue to increase steadily over time.