Condo buyers were pulled eastward in the search for affordability.
Durham Region had the hottest condo market in the Greater Toronto Area, a trend that was largely driven by buyers looking for more affordable options.
(See our list of Best Performing Neighbourhoods for Houses in 2021 here)
Watch my video above for full details on our top ten best performing neighbourhoods for condos.
Below are the top 10 neighbourhoods with the highest appreciation in median house prices in 2021.
|
Neighbourhood |
Municipality |
2020 |
2021 |
% Change |
|
Oshawa |
$ 220,000 |
$ 410,000 |
86% |
|
|
Toronto |
$ 392,500 |
$ 635,000 |
62% |
|
|
Oshawa |
$ 400,000 |
$ 585,500 |
46% |
|
|
Whitby |
$ 458,500 |
$ 650,000 |
42% |
|
|
Whitby |
$ 437,000 |
$ 605,000 |
38% |
|
|
Toronto |
$1,088,000 |
$1,497,500 |
38% |
|
|
Ajax |
$ 438,500 |
$ 600,000 |
37% |
|
|
Ajax |
$ 415,000 |
$ 565,500 |
36% |
|
|
Oshawa |
$ 420,000 |
$ 571,000 |
36% |
|
|
Markham |
$ 592,950 |
$ 800,000 |
35% |
Read our full monthly Move Smartly market report for January 2022 here
John Pasalis is President of Realosophy Realty, a Toronto real estate brokerage which uses data analysis to advise residential real estate buyers, sellers and investors.
A specialist in real estate data analysis, John’s research focuses on unlocking micro trends in the Greater Toronto Area real estate market. His research has been utilized by the Bank of Canada, the Canadian Mortgage and Housing Corporation (CMHC) and the International Monetary Fund (IMF).
Follow John on Twitter @johnpasalis
Email John
