Don’t believe the economists … They know nut, according to realtors, of course.
And according to me … No comment.
āAcceleratingĀ home pricesĀ inĀ TorontoĀ risk straining affordability further, causing a correction when interest rates normalize and the market is trying to absorb a record number of newly built condos,ā BMO senior economist Sal Guatieri wrote.
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āIn Canada, acceleratingĀ home pricesĀ inĀ Toronto(7.1 per cent year-over-year in January) risk straining affordability further, causing a correction when interest rates normalize and the market is trying to absorb a record number of newly built condosĀ …
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āHome priceĀ gains are still exceeding income growth by a considerable margin, especially in larger real estate markets likeĀ TorontoĀ and Vancouver,āĀ Toronto-Dominion Bank economic analyst Sonny Scarfone wrote in a research note, adding that a low supplyĀ …
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AND IT WENT FOR – 6 Beaumont Road – ROSEDALE
I first posted this 6+1 bedroom, 7 bathroom house on a 100 x 427.16 foot ravine lot atĀ 6 Beaumont Road in North Rosedale in August.
It is a really big house, like it reminds me of Casa Loma big, and though it is….
There is something about it that is very welcoming.
Actually, for a house this size, I think they did a great job. Ā There are some pretty insane pieces in there.
But $8,900,000?
That was a little high.
It didn’t sell and the price was dropped last week…Which is kind of funny considering the house isĀ ownedĀ by the owners of a large Toronto Real Estate Brokerage and who happen to like ‘8’s! Ā But not price drops!
The new price was $7,980,000.
I still thought it was a little high, but could sell for $7,350,000.
It just sold….
For $7,814,718.
AtĀ 88%Ā of original list!
I should have seen that one coming!!!
Nice work with the ‘8’s!!
byĀ the MASH
Whaddaya Say?