Toronto Real Estate

There has been so much negative news lately that it has been starting to get me down.

The stock market has tanked and maybe reached bottom. This is a result of greedy people and poor regulations in the US banking sector. And now, the world is paying it seems.

In the Toronto real estate market, there has definitely been a shift across the city. However, there are still some neighbourhoods that are beating the odds. On the weekend, it was reported that Toronto real estate prices have decreased 15% – wow – that’s huge, but Toronto is huge city physically. And certain neighbourhoods are faring better than others.

There are 2 rules of real estate

1 – location location location
2 – read rule #1

So if you managed to buy a home in one of those great neighbourhoods in Toronto, then you are doing better than most.

I specialize in three of Toronto’s neighbourhoods that continue to outperform the broader market in the city.

In Sept 2007 in E01 – the average price of a home was $400,689. One year later, the average price is $444,976 – that’s an 11% increase!

In Sept 2007 in E03 – the average price of a home was $348,881. One year later, the average price is $371,114 – that’s an increase of 6.37%

So if you think the sky is falling – THING AGAIN!