Condominium Home price index (HPI) May 2021, Willowdale Toronto

​This report contains Home Price Index (HPI) for Condominium. The home price index is an important parameter to track price trends in a specific market.

Brief Summary

• The source of data provided in this article is from Multiple Listing Service (MLS®)
• The data presented here as a The Base Year (also referred to as Base Period) of 2005

The May 2021 Willowdale MLS® HPI value stats compare to the base year 2005 indicate:

Willowdale East condominium HPI

​​This report focuses on HPI values for condominium for Willowdale East.

​Willowdale East, Red: condominium

​The above Graph (3) shows the HPI from the base period 2005 to March 2021 for Willowdale East condominium. The HPI value had a sharp increase in 2017. However, the HPI value drops only moderately in late 2017 and early 2018. The condominium prices keep increasing until 2020, when we see a sharp drop because of the pandemic. The condominium prices, starting 2021, begin a sharp increase to 305.5% by May 2021. The condominium prices will likely continue to increase because many people can no longer afford to purchase a single-family home.​

Willowdale East, Red: condominium

The above Graph (3a) is identical to Graph 3 except only 2016 to 2021 is shown.

​Condominium HPI value for Willowdale Ease:

• May 2020 HPI: 302%
• April 2021 HPI: 300%
• May 2021 HPI: 305% (Increase of 3% from last year May 2020 and increase of 5% from last month April 2020)

You notice the sharp increase in HPI value starting in 2017 and 2019. There is drop in condominium price in early 2020, likely because of the pandemic. The condominium prices, starting in 2021, rebounded and have been increasing to this date May 2021, albeit in a much slower pace than detached homes.

​​| See more market report |

---

Author

The above Real Estate article was provided by David Khosravi, a leader in his field in North York, Willowdale Real Estate, Reach out to David via email: drdavidkg@gmail.com or by phone: 416.990.2424
Are you thinking of selling your home? I will be glad to share my marketing strategies with you.