For Torontonians, the dream of having a fenced backyard is not dead yet, but a condominium in a good area of ​​the city and close to the metro, will work well.   Since there are more and more condo-lovers, the prices of these properties rise like foam over time.   Recent studies set the prices of condos on resale at the top 25 intersections in Toronto.   The results show that 1-bedroom units are the most common, representing 56% of the total in the areas studied and valued at an average of $545,000.   Those buildings located in the best areas, close to all amenities, were the most coveted by buyers, as expected.   The most expensive intersection is Avenue and Bloor, and one of the big reasons is because it is located on what would be the edge of a quiet residential neighborhood and the bustling downtown.   On the other hand, the least expensive intersection is Yonge and Queen, where the average price of a 1-bedroom apartment is $371,400 and it lacks many of the residential qualities seen in less dense areas.   The units of 2 rooms constituted 30% of the total, and at the same time the ones that received the best offers, averaging around $925,000 in the aforementioned intersections. A cost that is slightly reduced when looking at the median ($519,000 for 1 room and $847,000 for 2 rooms), a number that is less prone to sudden changes.   Despite the significant increase in prices during the past year, a fall has recently been experienced. Condo prices across the city dropped 6.5% in August, and the total number of sales was down 31.2% in the first quarter.   Most expensive intersections Avenue and Bloor - Average price 1 room: $753,735 - Average price: 2 rooms: $1,346,615 Bay and Bloor - Average price 1 room: $626,989 - Average price 2 rooms: $1,542,568 Front and John - Average price 1 room: $613,730 - Average price 2 rooms $1,318,594 Carlton and Yonge - Average price 1 room: $602,323 - Average price 2 rooms: $903,275 University and Wellington - Average price 1 room: $588,236 - Average price 2 rooms: $942,000 University and York - Average price 1 room: $579,413 - Average price 2 rooms: $942,000 Bay and College - Average price 1 room: $576,749 - Average price 2 rooms $829,801 Bloor and Yonge - Average price 1 room: $570,058 - Average price 2 rooms: $913,443 Wellesley and Yonge - Average price 1 room: $544,927 - Average price 2 rooms: $756,817 King and Spadina - Average price 1 room: $540,153 - Average price 2 rooms: $860,149   If you would like to know more information about the real estate market in the GTA, do not hesitate to contact me!