C03

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Submitted by Jasmina on Fri, 2007-08-03 12:55.

Single-detached average price in excess of $500,000

in close to half Toronto Real Estate Board's MLS districts! Unprecedented demand for single-detached homes along the Yonge Street corridor prompted double-digit price increases in the GTA's top performing neighbourhoods in the first six months of 2007, finds new Re/Max report. "To date, 51 per cent of districts reported double-digit sales gains for detached homes and 44 per cent for condominiums. It's been another banner year for real estate, and it's far from over" says Michael Polzler.

Detached Houses

Demand is particularly evident in the central core - from Bloor St. north to Highway 7 - where average price ranges from $565,000 to well over a million. In fact, nearly 60 per cent of 'C' districts reported double-digit increases in unit sales for the first half of the year." Last year at this time, appreciation had slowed in the central core as the average price approached $830,000. Buyers were investigating more affordable alternatives east, north, and west of the city centre. This year, despite an average closer to $875,000, demand for properties is at an all-time high in the district and a limited supply of product has purchasers vying for homeownership. In June, four central districts (C02, C10, C11 and C15) reported a sales-to-listings ratio above 100 per cent. Multiple offers remain commonplace on quality, well-priced product, with detached homes selling for 100 per cent of list price or more in all but one central district in June.

Top five Toronto Real Estate Board (TREB) Districts by Average Price Appreciation are:


Submitted by Jasmina on Sat, 2006-11-25 01:10.

Press Releases - Canadian Real Estate and MLS Listings (TORONTO, November 24, 2006): Canadians are embracing luxury living more than ever before - and if they are not currently living in a luxury home, many aspire to someday live in the lap of luxury. As a result, the number of unit sales of luxury homes has skyrocketed in Canada's major markets.

Greater Toronto Area

In Toronto, the number of luxury home sales at the price of $1-million and above has increased by 20.3 per cent year-over-year, in the first nine months of 2006. During January to September 2006, 1,309 units were sold, compared to 1,088 units sold in the same period in 2005. Rosedale (C09) and Forest Hill (C03, C04) remain the most sought-after areas to purchase a luxury home within the city’s downtown core, while areas such as Lawrence Park (C12), Hoggs Hollow (C12) and Post Road (Bridle Path area - often referred to as "Millionaires Row" also in C12) offer luxury living slightly north of the city – providing homeowners with more land, usually used to accommodate outdoor amenities such as pools, elegant gardens, tennis courts or additional garage space.


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