Real Estate

The hottest neighborhoods for buying a house in Toronto right now!

  • Last Updated:
  • Jul 14th, 2018 11:20 am
Sr. Member
Nov 10, 2017
905 posts
655 upvotes

The hottest neighborhoods for buying a house in Toronto right now!

https://www.blogto.com/real-estate-toro ... s-toronto/


Palmerston-Little Italy and Trinity-Bellwoods (C01)
Home values up 17 per cent with an average second-quarter price of $1,872,407

The Beaches (E02)
Home values up 13 per cent with an average second-quarter price of $1,503,034

Leaside (C11)
Home values up 10 per cent with an average second-quarter price of $2,031,031

Edenbridge, Humber Valley, Islington (W08)
Home values up 10 per cent with an average second-quarter price of $1,571,919

Birchcliffe-Cliffside (E06)
Home values up 9 per cent with an average second-quarter price of $1,571,919

Stonegate-Queensway (W07)
Home values up 9 per cent with an average second-quarter price of $1,383,888

Willowridge-Martingrove-Richview (W08)
Home values up 9 per cent with an average second-quarter price of $1,052,187
Images
  • REMAXQuarterlyComparison.HeatMap2018-1.jpg
Last edited by JosephB012 on Jul 14th, 2018 9:22 am, edited 1 time in total.
3 replies
Deal Expert
User avatar
Mar 23, 2009
22529 posts
8939 upvotes
Toronto
There must be an error somewhere, since the average pricing of W08 and E06 is exactly the same. I think the E06 prices shown are wrong, since they're actually higher than The Beaches (E02). I'd guess it's closer to $1 million, not $1.5 million.

EDIT:

Confirmed. Typo.

E06 is $1.034087 million.

https://www.blogto.com/real-estate-toro ... s-toronto/

That's still pretty impressive though, as that 9% increase still is accurate.
Member
Feb 13, 2018
495 posts
539 upvotes
You will see this so callled news is a joke when you dig deeper.
Deal Addict
May 9, 2017
1261 posts
1393 upvotes
Willowdale detached is icy cold, I live in there. When I bought a new home in 2014 the the math worked in the sense that lot values in the area plus the cost building the homes made sense relative to the price of a new home.

Now it doesn't make sense anymore. In c7 you can buy a tear down for say 1.3M on a 50ft by 132ft lot but the new builds are being prices at 3-3.3M. It doesn't make any sense (i.e. you'd be better off buying a lot and building).

So tear downs are still slowly getting sold but no one is buying the new builds. My guess is the new builds will have to be heavily discounted to sell.

Anybody knowledgeable about this area? Any insights?

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