2014: the Frenzy of sales in Toronto
- 05/22/14 10:47 AM
Timeline; Toronto Summer 2014 Yes, sales are up, again, by a staggering 19% in Toronto! The average price of a detached home in the 416 is pushing a million dollars for an updated home in a good neighbourhood.
http://www.huffingtonpost.ca/2014/05/20/toronto-house-prices-soar_n_5359659.html?utm_hp_ref=canada-business The number of detached homes sold last month were 1300 with a year over year appreciation of 13% in value. [Flash back 4 years] http://youtu.be/mu269xorKBY Same Media Perspective. Sales in the 905 are selling 3 times as many,with 3,500 units, but the individual price for a detached property is averaging $645K. Simply put, you are driving till you can afford teh picket fence and private … (0 comments)
2014: What's going to happen in Toronto this year?
- 01/20/14 07:04 AM
Fewer homes on the market; stronger multiple offer competition, Buyers prepared with letters of approval from their lenders or standing on the curb as an unrepresented buyer wondering what happened? 2014 will continue to see price increases and competition for detached homes in Toronto that outpace the rate of inflation. Last year the Toronto Real Estate Board sold 87,000 units. That's over 85,000 in 2012. The average price of all types of Homes in Toronto was at $520 thousand. This is up a collective 9% year over year, the average price of a detached house in the 416 is topping out at $864 … (0 comments)
News, views, rants and commentary about Toronto west Real Estate issues and Local Community events from David Pylyp.
Experience is not expensive... It is Priceless!
Timeline; Toronto Summer 2014
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