Survival Guide in the Competitive Toronto Real Estate Market
Guess who made the list?
At Number Five – TORONTO, Ontario:
12-month increase: 12.0%
3-month increase: 1.2%
Foreign investment and a relatively low Canadian dollar have been blamed on soaring house prices in Canada’s major cities in recent years. The 3-month change in Toronto slowed in the past three months to +1.2%, however, compared to a 12-month change of +12%.
Taxiarchos228 / Wikimedia Commons
At Number One – VANCOUVER, B.C.:
12-month increase: 31.6%
3-month increase: 1.5%
The city, which has a population of 603,000, is highly popular with Chinese investors. In August, the province of British Columbia introduced a controversial 15% levy on foreign purchases of homes in the Vancouver Metro area to tackle the problem, and it seems to have worked. The 3-month change in the city was just +1.5%, compared to a 12-month change of +31.6%.
Surprisingly or not, no European or U.S. cities made the the top of the list.
NOTE: The original date of this article, 31 October 2016, came well after Vancouver’s infamous tax on foreign buyers of real estate. Obviously, it has not completely deterred it’s fans & lovers from continuing to show their love with their wallets!
Exclusive Lower Village Gate In Forest Hill!
Approximately 1,535 Square Feet (Per Builder’s Plan) Plus Balcony, With Floor-To-Ceiling Windows, Spacious Living Room, Separate Dining Room With Walk Out To Balcony, Eat-In Kitchen, Master Bedroom With 5-Pc Ensuite, Second Bedroom With Built-In Wall Unit, 4-Pc Washroom, Ensuite Laundry, 2 Parking And Locker. Building Amenities Include Gatehouse, Security Guard, Outdoor Pool, Recreation Room, Gym And Visitor Parking. Steps To Village Shops, Dining, Subway, Parks And Schools.Give me a call at 416 670 7042 to arrange a viewing.
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Lytton Park! Superb, Custom Built, Family Home Of Approximately 6,400 Square Feet Including Finished Lower Level. Beautifully Landscaped 50′ X 216′ Lot With Southern Exposure And Inground Pool. Main Floor Features Living Room, Dining Room, Family Room, Office And Chef’s Eat-In Kitchen. 4 Generous Bedrooms On Second Floor. 4.5 Washrooms, 9-10′ Ceilings. Heated Floors In Living Room/Breakfast Room/Master Bedroom Ensuite. Lower Level Has A Rec Room, Bedroom,Wine Cellar, Laundry, Walk-Out To Yard, Access To Attached Double Garage. Ample Parking In Private Drive. Close To Parks, TTC, Schools.
Welcome to the December issue of my eNewsletter!
The holiday season is here, with the parties and gatherings, tree lightings, markets and of course, holiday movies. Whether you’re a fan of chestnuts such as White Christmas or something newer like Love, Actually, you’ll find it at the Hot Docs theatre this month, and all screenings are free! In the holiday spirit, the first night of Hanukkah falls on December 24th this year and Houzz has posted 8 DIYs – one for each night!
You’ll also find a link to Toronto’s best diners and an article about how first time buyers are stressed out by the new mortgage regulations. (I can’t ignore the market! I have three featured listings and last month’s market news – the average price has gone up by 23% as compared to November 2015).
Whatever you are celebrating, I hope you have a wonderful holiday season and a happy, healthy new year!
The Dakota! Superb Value On The Fringe Of Yorkville! Steps To Bloor Street, Museums And Designer Boutiques. Approximately 862 Sq.Ft. In Well Maintained Condition. Fabulous Amenities Include Rooftop Deck, Party Room, 24-Hour Security. One Pet Allowed. Please Note: No Parking Included But Rental May Be Available In The Building. See It Anytime! Don’t Delay!Asking $399,900. Give me a call at 416 670 7042 to arrange a viewing.
We honestly didn’t have a preferred neighborhood, we had a preferred type of home that included 3+ bedrooms, 2+ bathrooms, finished basement and garage. We were looking all over Toronto.
The home we bought is a dream home, not what we were initially looking for. We didn’t expect to find such a beautiful house and fall so in love with it, but it was just meant to be.
We were aware of the real estate market, but we did increase our budget once we found our gorgeous home.
Shawn works extremely hard and provides so much insight, knowledge and expertise which is so comforting. We have known Shawn for years and have trusted in him multiple times with only excellent outcomes. He is not only our agent but now a good friend and we would never think of using anyone but him because he is the best out there!
A celebration of all things Toronto: from Bloor West Village to Church Wellesley Village; from Chinatown to Corktown; from Rosedale to Riverdale; from Little India to Little Italy…and beyond!
Toronto is Canada’s largest city, the fourth largest in North America, and home to a diverse population of about 2.8 million people. It’s a global centre for business, finance, arts and culture and is consistently ranked one of the world’s most livable cities.
Learn and share about your Toronto:
- Toronto’s history;
- Toronto’s geography:
- Toronto’s diversity;
- Toronto’s arts and culture;
- Toronto’s business and economic development;
- Toronto’s government structure;
- Toronto’s entertainment and tourism;
- Toronto’s infrastructure and future;
…and so much more!