How does Toronto’s real estate market rank against New York’s, London’s, Paris’?

One of my favourite shows to watch is House Hunters International. I love getting that little glimpse into the lifestyles and properties of other cities and cultures around the world. One day when I was watching an episode of it, it got me to wondering: how does Toronto’s real estate market actually compare against other major cities, like New York, London, Paris, etc…?

So after doing a little digging I looped into Numbeo, an online, user-contributed database that provides information on the cost of living in major global cities. According to Numbeo, here’s how we stack up based on a 1 Bedroom Apt located in the city centre:

Average Rent (per month)

Global City Comparison of Average Rent (per month)

Average Price (per square foot)

Global City Comparison of Average Price (per square foot)

Average Income per Month (after taxes)

Global City Comparison of Average Income per Month (after taxes)

Price to Income Ratio

Global City Comparison of Price to Income Ratio

…….
Carole Wiseman
Helping Clients Across Toronto Love Where They Live

PSR – Private Service Realty

Posted in A Smart Investment
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