As both Canada's & Ontario's most populous & busiest city, Toronto's real estate market place has seen tremendous housing appreciation in recent years, with Toronto MLS Listings flying off the shelves. Buying a house or condo in Toronto has been increasingly difficult for home buyers, due to high demand & competition. Multiple offers & lost real estate bidding wars have meant that many apartment renters wanting to purchase homes or condos in major residential housing markets such as North York have had to give up searching for now. New mortgage rules that came into effect recently have also made owning homes & condos in Scarborough & other suburbs a dream out of reach for many. Recent talk of a Toronto real estate bubble by commentators has, to date, been overblown. Although home & condo prices remain high compared to historic norms, most analysts expect the residential boom to continue, albeit at a slower pace. We continue to experience real & significant population growth, & everyone needs a dwelling of their own. Property prices will surely follow.
GTA districts have numerous types of homes for sale available on the MLS listings service. Options include types such as detached houses, semi-detached or townhouses. Less clear is what style: There are, for instance back split style homes for sale in Markham suburbs that offer a lot of housing value for money. Another strategy is to consider bungalows, which have shown real house price appreciation due to demographic changes, more common 2-storey house styles, or new homes in suburbs. With Toronto's condominiums, older condo residences normally have higher maintenance fees but more space, but smaller newer condo developments provide higher sale prices per sq ft.
Start browsing homes for sale or condos for sale using a Searchable Toronto Map listing properties for sale in GTA. Access it by clicking on the icons below to search real estate or alternatively, search from the menu at the top to find properties. There is info on this site covering other districts and neighbourhoods as well, including North York, Scarborough, Markham, Vaughan etc.. If you see something interesting, please contact me so we may view it. Please note that housing conditions are robust & many may already be conditionally sold, so please get in touch so I can verify availability.
A vital part of any home buying search is locating one of Torontos realtors to assist you. A successful realtor in Toronto can help you navigate the myriad residential properties currently being promoted. They should be experienced so they can quickly locate what you want. Agents are paid on commission, & in most cases sellers bear the cost of their services, so a house buyer can concentrate on finding their preferred property. Your residential property agent should know about neighbourhoods, style of homes, relative prices of real estate in Toronto, & amenities.
Toronto is known for its different neighbourhoods. New neighbourhood names have resulted from recent redistricting. A good realtor will be familiar with areas to assist an anxious home buyer wanting to know how areas are ranking & which pockets are safe. Willowdale & Bayview Village are excellent & established locales sporting many condos. Scarborough is always popular with new comers & has many affordable bungalows & new developments near the Town Centre & older spacious units near Bridletowne Circle. Markham has developed fast & has newer houses near Cornell & Unionville , as has Vaughan near Thornhill Woods. There is a Toronto neighbourhood map & links to various neighbourhoods by name here. Select from the menu on the left & let this site be your neighbourhood guide.
February 6 - Toronto Real Estate Board realtors reported 4,009 residential sales through our Realtor's system in January 2019, representing a 0.6 per cent increase over sales for the same period of 2018.
Condominiums again led in terms of price growth. The Real Estate Organization expects higher sales this year in comparison to last. In the prior year, the number of sales of homes & condos on the Real Estate network were down by 16.1 per cent to 77,426, which is the lowest level since 2009. Average selling prices last month were $748,328, up by 1.7% compared to the similar frame in 2018. Days on market were stable at 33.
Ram's take: "The market in 2019 has started off in a manner which supports moderate year over year price increases, which is in line with the Board’s recent market forecasts. Housing affordability remains a GTA concern, & higher mortgage qualification requirements also play into this. Real estate market conditions are more robust in the condo space and with higher density housing like townhomes etc, since these assets are generally more affordable than detached houses."