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2180 Steeles Avenue West,
Suite 204, Concord,
ON, L4K 2Z5

Phone:     905-761-7001
Toll Free: 1855-761-7001
Fax:          905-761-7005

Email: mortgageadvisor@rogers.com



HST - WHAT IS TAXABLE?

23 August 2019

These areas in Toronto experienced more than 100% home price growth over the last 5 years

Location in Toronto where you are choosing  to buy you house could have a dramatic impact on your property price appreciation speed.

A new report from Zoocasa finds the pace of price appreciation over the last 5 years in 35 Toronto regions .

“Prices have more than doubled in a number of neighborhoods, especially in the condo market and areas with prices lower than the city average,” indicates Penelope Graham, managing editor at Zoocasa.

Boundaries  of those neighborhoods are the same as Toronto Real Estate Board areas in the MLS sysytem.

There are 2 areas where house prices showed more than 100% appreciation over the last 5 years as well as 8 areas with such appreciation for condos.

Forest Hill/ Oakwood Village's (area C03) price for houses skyrocketed by 121% from July 2015 till July 2019 while Regent Park, St. James Town and Corktown (C08) showed 101% prices increase.

The biggest increase in condo category belongs to the area E10 - West Hill, Centennial Scarborough. Here prices went up by jaw dropping 147%!

Here is wise to remind that past performance does not guarantee the future results, however  Toronto real estate market have already picked up and looking to post solid increases.

 

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