C04

Submitted by Jasmina on Mon, 2008-01-21 20:46.

It seems each month has been a record breaker for the real estate industry in York Region and across the GTA. Central Richmond Hill N04 district led the way in January with a 59 per cent overall increase in sales compared to mid-January 2007, mainly as a result of attached/row house transactions.

Across the Greater Toronto Area there were 1,776 transactions, an increase of 11 per cent increase over the same timeframe a year ago, announced Toronto Real Estate Board President Maureen O’Neill. The average time a property is currently on the market is 41 days, down 13 per cent as compared to a year ago. The average price also increased considerably compared to the first half of January 2007. It currently stands at $367,574 an eight per cent increase over the $340,793 recorded at mid-January a year ago.

Strong Activity in other areas of the Greater Toronto Market


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.


Syndicate content