Toronto Real Estate Market: Do You Know Your Hot And Not-So-Hot Neighbourhoods?
January 3rd, 2010 Categories: News Wire
Hot Toronto Neighbourhoods … Best Toronto Neighbourhoods …
Top 10 Toronto Neighbourhoods … Do you sense an emerging trend to this article?
Defining Hot Toronto Neighbourhoods
I’m always interested to see what search terms bring people to my site as they can be a great source of inspiration for future articles. But sometimes, the information people seek can be SO subjective. For example, how do you define “hot” or “best” in a way that’s meaningful to everyone? It’s simply not possible as one person’s “must have” is another person’s “meh”, and not just in the Toronto real estate market. In life, actually.
How.Ever …
Is Price Appreciation The Constant?
If there’s one variable in the Toronto real estate “hot” equation that I think everyone can agree on it would be price appreciation. It’s the dream: to buy just before a particular neighbourhood takes off, to buy in one that never looks back price-wise (or so it would seem), to see your neighbourhood described in the media as sought-after (which translates into chased-after), to be dazzled by the stories of the multiple offers your neighbours entertain when the time comes to sell.
Toronto Real Estate Dream Analysis
If you’d like to know how your neighbourhood has performed (read: resale prices and percentage changes) the last two years, check out this informative article in the Toronto Star.
A couple of things to note:
- Big gains in some outlying areas. No surprise as affordability issues force buyers to look outside the City of Toronto.
- Price appreciation can pull back in upscale neighbourhoods.
- Modest neighbourhoods can out-perform upscale ones.
Whether you experienced a bump or a slump, here’s to numbers that work for you in 2010!
Toronto buyers and sellers! Are you looking for a Toronto real estate agent who can handle today’s challenging market? Call Lauren at 416–550–6991, or send me an email.
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The Honolulu real estate market is hot, we are down to August 2005 inventory levels.
Aloha,
Keahi
Keahi,
I’m really hoping for a balanced market in 2010. The demand is there, but where’s the inventory?? Perhaps under the snow banks?