Scarborough Bluffs area tops Toronto with 21-per-cent price rise!

Submitted by Admin on Sat, 2006-09-09 04:49.

Bluffers Park Island - Scarborough OntarioIn terms of price escalation, Toronto downtown no longer has the hottest real estate market in the GTA - the Scarborough Bluffs (E08) area does, according to a real estate survey by the Re/Max agency. Prices of detached homes on the Bluffs have surged by 21.2 per cent.

With some of the same features as the wildly popular Beaches neighborhood at a fraction of the price, Bluffs area of Scarborough has been experiencing the greatest return on investment!

The Scarborough Bluffs stretch for about 14km along the Lake Ontario shore, from the Eastern Beaches of Toronto in the west, to West Hill in the east. At their highest at Cliffside, the bluffs rise 65m above the water.

Scarborough features the ideal balance of small town life and big city advantages. A prime draw for the city are the generous areas of green space designated as environmentally protected parkland.