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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