Builders are always looking for bargains, so it caused quite a stir when a pleasant backsplit went on the market in North York’s Willowdale area earlier this month for what may have seemed like a crazy amount to anyone else — $1.1 million. All that counted to the dozens of interested builders who filed […]
Toronto Real Estate Posts
Rise of Willowdale, Toronto’s Hottest New Neighborhood – Part 2
“It’s pretty easy to understand why people are doing this — the economics are completely in line with the market when you consider that a detached house in the City of Toronto is worth over $1 million now. “It’s definitely changing the character of neighbourhoods and it’s certainly not good for affordability. But it’s […]
More Than 20,000 Condos Under Construction Along Yonge St
Toronto’s once-derelict areas along Yonge St are in the midst of the most remarkable transformation in its history, with more than 20,000 condos that will house more than 30,000 people — the population of Orillia — under construction or in the planning stages. And that’s just in a seven-kilometre (7 km) stretch from Lake Ontario […]
Toronto-area Home Sales On Track To Break Record In 2015
A record number of homes are expected to be sold in the Toronto area this year in 2015, with the average selling price reaching $627,395. As of last week, 80,331 homes had been sold in the Greater Toronto Area (GTA), a 9.5 per cent increase from the number of homes sold by this time […]
Toronto Homeowners Expecting May Prices In An October Market
The city’s fall real estate market is off to a brisk start, with September numbers showing that buyers are still making lots of purchases in the suburbs and bidding up prices across the Greater Toronto Area when they finally snag a house that suits them. Still, agents are reporting erratic action when it comes […]