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Toronto's luxury home market is hot
Forest Hill and Bridle Path are the hottest spots for real estate worth $1 million-plus as February sales and prices soar.
A heated Toronto real estate market is lifting sales of luxury homes as the economy starts to improve and move-up buyers regain confidence, says a report by Coldwell Banker Terrequity Realty released Wednesday.
The top-performing area with sale prices in excess of $1 million in 2009 was Forest Hill, where 280 homes changed hands at an average price of $1.42 million.
The Bridle Path area was in second place, with 221 sales and an average price of $2.1 million.
Oakville, west of Toronto, came in third with 174 properties sold with an average value of $1.67 million.
See the full story in the Toronto Star »
March 4, 2010 in Toronto Real Estate Trends | Permalink
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Comments
brampton real estate
One of the greatest and most obvious reasons to consider buying a home is the interest rates. Interest rates today, are some of the lowest rates that we have seen in years. It is possible that they will go even lower. You may think that getting a home loan in order to take advantage of these rates is impossible. Although credit standards and loan approval may be higher than before, obtaining a loan is well within the reach of homebuyers with a good credit rating and a steady income that can support the monthly mortgage payments.
Posted by: torontohomeandhouse123 | Jun 11, 2010 4:02:05 AM
Hey its good that Toronto's luxury home market is good now.This is also good to know about top performing area information and price which I really did not know about it.
Posted by: dean graziosi | Mar 19, 2010 6:19:48 AM
Its good to see that there are markets that are not affected to much by the current market.
Posted by: Property Management Blog | Mar 8, 2010 4:26:02 PM
