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Sales of new condos in the Toronto area last month hit the highest level ever for the month of March. (Fred Lum/The Globe and Mail)
Sales of new condos in the Toronto area last month hit the highest level ever for the month of March. (Fred Lum/The Globe and Mail)

Table: Housing cost comparison Add to ...

Editor's note:

An earlier version of these tables included incorrect figures

3 bedroom vs 1 bedroom unit: current conditions

1,000 sq.ft.600 sq. ft.Cost
Differential
Net Purchase Price$475,000$285,000$190,000
Gov’t Fees & Charges$75,000$63,000$12,000
Total Purchase Price$550,000$348,000$202,000


Cost comparison: 3 bedroom vs 1 bedroom unit: Reduce government fees

Reduce government fees by 75 per cent for 3 bedroom units / increase fees on one bedroom by 25 per cent

1,000 sq.ft.600 sq. ft.Cost
Differential
Net Purchase Price$475,000$285,000$190,000
Gov’t Fees & Charges$18,750$78,750($60,000)
Total Purchase Price$493,750$363,750$130,000
Avg Adjusted Purchase Price$494 psf$606 psf$112 psf

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