[URBAN NOTE] "Bay St. condos cost more than those on Yonge corridor, study says"

[rfmcdonald]

The Toronto Star's Tess Kalinowski reports on condo prices in the downtown core.

A couple of blocks can make a $41,000 difference on the price of a condo in Toronto.

That’s how much more it cost on average to buy a condo near Bay St., compared to the Yonge St. corridor in the last year, according to number-crunching by online brokerage TheRedPin.

It looked at 24 major downtown intersections and found the Yorkville area owned the high end of highrise in Toronto between Aug. 2015 and Aug. 2016.

The average price of a two-bedroom unit within about a five-minute walk of Bloor St. and Avenue Rd. was about $1.4 million — the highest among the 24 intersections in the analysis.

It was followed by an average $1 million for condos near the intersections of Bay and Bloor streets and Yonge St. and St. Clair Ave.