Friday, February 20, 2015

Does condo living on the Yonge St subway line cost more?

Published in
on February 19, 2015
by Duncan McAllister

Buying a Toronto condo close to the subway will cost you more

With the announcement of yet another hike in transit fares, Torontonians continue to have a tenuous relationship with the TTC. Commuters will soon be paying 10 cents more at the fare box, and a $93 annual increase for a monthly Metropass. One thing is certain, though: Living close to the subway is a top priority for many house hunters.

A Toronto online real-estate brokerage compared the costs of buying both houses and condos within a 10-minute walk from 21 main subway stations in Toronto and the results were quite eye-opening. 

In another interesting finding, condos along the Yonge line cost $150,000 more on average than on the University-Spadina line. The three most expensive stations to live near are York Mills, St. Clair, and Eglinton, all along the Yonge line.

Click here to read the article on MetroNews online...

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