Commerical real estate sales in Greater Toronto Area, Canada has decreased from 317 to 268 from 2017 to 2018 respectively in numbers according to statistics report by Toronto Real Estate Board(TREB). However the average sales price per square feet has increased summarizing industrial, commercial/retail and office spaces or properties.
Here we'll talk about best places in Greater Toronto Area, Canada to buy property if you are buying for investment. We'll discuss about the commercial real estate in Greater Toronto Area if you're buying for your own use in next part.
If your purpose is an investment:
If you are making an investment in Greater Toronto Area then you have to see in which area the price per square feet has increased. Now Greater Toronto Area is made up of Haltorn Region,Peel Region, Toronto, York Region, Durham Region, Dufferin County and Simcoe County. We'll consider main areas here that are Haltorn Region, Peel Retion, Toronto and York Region. Below is graphs of net price per square feet of 5 years from 2014 to 2018 for all above regions of Greater Toronto Area.
You can see from the above charts that in Toronto and Peel Region price curve is increasing where as in York Region and Hatorn Region it's mix and fluctuating irregularly.
So, we can conclude that Toronto and Peel Region are best options for commercial real estate property investment in Greater Toronto Area.
Based on data collected from TREB website. Source: http://www.trebhome.com/
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