In 2018, the median condo assessment value in Toronto was $457 per square foot (PSF), 32% higher than the city’s median assessment for all residential property types.
There is limited information specific to the demographics of condos in Toronto; therefore, in the event such specific data is unavailable, general demographics' data regarding the Toronto real estate market can be used. According to more recent research, it is estimated that immigrants own over 43.1% of residential properties in Toronto.
91.0% of single-detached houses in the Toronto census metropolitan area (CMA) are owner-occupied. 37.9% of condos in Toronto CMA are non-owner-occupied and have a 4.7% higher median assessment value than the $360,000 median assessment value of owner-occupied condominium apartments.
The median age of individual resident owners in Ontario is 54 years, while millennials make up 15% of individual
The majority of condominium renters in Canada were under the age of 35.
Summary of Findings
The intitial hour of research has uncovered substantial data regarding the average size of a condominium in Toronto; however, there appears to be a dearth of demographic information specific to Toronto's condos. Continued research can uncover more precise demographic data focused on Condo dwellers and owners.
In addition to this public search, we scanned our proprietary research database of over 1 million sources and were unable to find any specific research reports addressing your goals.
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