As we saw earlier, the average price of Condos in Toronto is at an all-time high. The Greater Toronto area recorded an average sale price of $562,892, 5.7% increase from last year. On the other hand, the city of Toronto had an average sale price of $602,804, increasing 6.5% from last year.
Getting Around in Toronto
Accessibility isn’t something that anyone should be worried about in Toronto. It’s one of the most well-connected cities in North America. After New York and Mexico City, Toronto comprises of the most extensive public transit system in North America.
Toronto Transit Commission, the body behind public transit in Toronto, operates various public transportation services such as subway, streetcars and buses—covering 1,200 km of routes. A wonderful thing about public transit in Toronto is single flat fare. Irrespective of the distance or transfers required, a single fare is applied to all the trips—except contracted routes travelling outside of the city and downtown express routes.
If you’re more of a walker than a rider, Toronto won’t disappoint you one bit. Toronto comprises PATH, the most extensive network of the underground pedestrian tunnel and elevated walkaways in North America. It stretches for more than 30 kilometres, connecting more than 50 buildings or office towers. It consists of twenty parking garages, five subway stations, two major department stores, two major shopping centres, six major hotels, and a railway terminal. It also houses the largest underground shopping complex in the world.
The city of Toronto has big plans going forward as far as public transport is concerned. The system that is already world-class is set to hit another level with new projects already in the pipeline. All in all, transportation should be the least of your concern.
To sum it up, buying a Condo in Toronto is one of the best things you can do to your life!