How much does a luxury home in Toronto average?
In a city with a median income of $84,000, the average cost for a one-bedroom apartment in Toronto is $1,854,000.
The average price of a two-bedroom condo in Toronto, meanwhile, is $2,902,000 with a 1.1 per cent increase from the previous year.
In Vancouver, where the median income is $80,000 and the average price is $3,945,000 , the average is $6,746,000 for a two bedroom condo.
While there is more to a luxury property than just the price, the amenities such as pool, gym, and spa also go a long way.
The city of Toronto is also home to many condo buildings that offer amenities such an indoor pool and a fitness center.
For condos that are located in Toronto or Vancouver, there are also the options of apartments or townhouses.
For a townhouse, you can choose between a three-bedroom or two-bedroom unit.
In Toronto, there is also a large number of condominiums that offer the option of a rooftop.
This type of condopation is the most affordable way to live in Toronto and allows you to get away from the sun and noise of the city.
Another great option is to rent a home for a longer period of time.
To find out what the average home prices are in your area, visit the MLS website.