The average price for a detached house in Toronto is $1,561,780, at least according to the latest Toronto Real Estate Board’s latest report. For that much money, you should be able to get a whole lot of house, right? Not always. While you won’t be able to buy a mansion for $1.5 million, you […]
Toronto Neighborhoods Posts
Surging sale of $1-million-plus Toronto homes urging calls for new measures
Sales of single-family detached homes commanding prices of at the least$ 1-million have almost doubled in 2017 in the Greater Toronto Area, as economists elevate the spectre of a real estate bubble. The GTA produced 2,876 sale of detached properties of $ 1-million or more in January and February in 2017, compared with 1,548 […]
More housing are needed, just not a tax on foreign home buyers
Housing prices in Toronto went through the roof long before governments started toying with a levy on foreign property buyers. While attractive for politicians, whose first have responded to any problem is to tax it, the above issues has been decades in the making, matching a chronic absence of housing supply to ever-increasing demand, […]
Even Toronto’s Top 1 per cent Earners Are Being Priced Out Of Housing Sell, BMO Says
Taking into account the “stress test” for mortgages that the federal Liberals instituted last year, Porter estimated that a couple earning $225,000 with $100,000 for a down payment would be able to buy a residence of $987,289. The median rate of a single-family house sold in Toronto in February was $1.57 million. “It […]
Don Mills home sold $1.15 million over listing price in 2017
Fifty years ago, a young pair paid $27,000 for a modest home in Don Mills. That approximately 1,500 -square-foot mansion sold for $2.3 million, more than $1.15 million over the nearly $1.19 million list price on Wednesday. The home on Norden Cres. near Lawrence Ave. East and Don Mills Rd., received 31 offers following […]