The Neighbourhoods with Higher Appreciation in Toronto

Posted October 2, 2019 07:00

It is no secret that housing prices in the city have risen in recent months after a relatively short fall caused by the measures imposed by the government. A new RE / MAX Canada report states that home sales in the 65 districts of the Toronto Real Estate Board increased by almost 88% between January and June 2019. The prices of single-family homes have followed the example of the Toronto condominium market, capturing the attention of buyers who expect to get a great score on their real estate investments. First-time buyers and investors are choosing to insure real estate in Toronto before securities move again, especially in light of the stress test, reads the RE / MAX report. The leader, when observing the percentage increase in the average price of single-family homes, is the east end of the city, which includes North Riverdale, South Riverdale, Blake-Jones and Greenwood-Coxwell (EO1). Here, the price average increased 15.2% to $ 1,378,987 . Trinity-Bellwoods, Palmerston-Little Italy, Niagara, Little Portugal, Kensington-Chinatown and Dufferin Grove together saw a 12.8% increase, compared to last year. Now it will cost you almost $ 2 million, on average, to buy a single-family house in any of those bells. These are the top five fastest growing TREB districts in terms of independent housing prices at the moment: E01: North Riverdale, South Riverdale, Blake-Jones and Greenwood-Coxwell, with a 15.2% increase, reaching a current average housing price of $ 1,378,987. C01: Trinity-Bellwoods, Palmerston-Little Italy, Niagara, Little Portugal, Kensington-Chinatown and Dufferin Grove, with an increase of 12.8%. The average value of homes now stands at $ 1,953,511. C11: Leaside and Thorncliffe Park, with an increase of 11.2% to reach an average housing value of $ 2,193,747. E04: Dorset Park, Wexford-Maryvale, Clairlea-Birchmount, Longview and Kennedy Park in Scarborough, with a 7.8% increase at an average housing price of $ 836,585. W02: Junction, High Park North, Runnymede-Bloor West Village, Lambton-Baby Point and Dovercourt-Wallace Emerson-Junction, with a 7.1% increase in home prices to land at an average of $ 1,410,057. Thinking about moving or investing in Toronto? Contact me and I will offer you the best advice!     source: blogTO