Would you pay $1 for a century-old, 25,000-square-foot mansion that needs a little TLC? But first you need to beat possible multiple offers over $1 million dollars from hundreds of other prospective buyers for the same property. It is more like trying to catch a rainbow miles above your head and up in the […]
central toronto real estate
Foreign home buyers – How other countries limit money from abroad
It was revealed this week that the Canada Mortgage and Housing Corporation is trying to keep tabs on foreign money in Canada’s residential real estate market. The national housing agency has come under fire in recent years for a conspicuous lack of reliable data about the money coming from abroad and how it may […]
Forget the $1 million Toronto home, it’s the $5 million market that’s on fire
A Toronto realtor says in a new study out Monday that $5 million home sales are taking off across the city, aided by international buyers. Real estate prices in the city made headlines in 2015 when the average sale price of a detached home crossed $1 million, but Barry Cohen, a luxury realtor in […]
5 Berkindale Crescent, Toronto – $5.5-million mansion that proves more house doesn’t mean more offers
LISTED AT $5,988,000 SOLD FOR $5,520,000 Address: 5 Berkindale Crescent Neighbourhood:York Mills The property: This newly built home, with five bedrooms and a grand total of nine bathrooms, is certainly not lacking in space. It also features a gym, a sauna, a media room and a wine cellar. The history: The seller purchased several […]
