Toronto’s housing market booms in September, but condo prices slip

Homes continue to trade hands at a faster clip in the Toronto real estate market, pushing prices up another 6.5 per cent in September to an average of $533,800 across the biggest market in the country.

A total of 7,411 homes were sold through the Toronto MLS system in September – a 30 per cent increase from last year when tighter mortgage lending rules were still hampering sales activity.

The spike in sales helped push the average price of a house in the Greater Toronto Area to $533,797, the Toronto Real Estate Board said in a release on Thursday.

Low-rise homes such as detached and semi-detached houses as well as townhouses led demand, with prices improving in three housing types. The condo market meanwhile – the source of some concern for industry watchers – cooled in September with prices slipping 3.7 per cent in the metro centre of the city.

“The price growth story in September continued to be about strong demand for low-rise home types, coupled with a short supply of listings,” Jason Mercer, senior manager of market analyst at TREB said.

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Anyway, here is some tips to get into the awesome Canadian real estate market …

Best Way of Finding Toronto Luxury Homes

Toronto is a very beautiful region that is found in Canada. This region has the most attractive Toronto luxury homes that have been modified in the modern technology by skilled architects. These homes come in various sizes, designs as well as prices to suit different people.

In Toronto there are numerous Canada real estates where honorable people live. These homes are very comfortable with the way they are constructed and every one would love to own a piece. Finding these hones is very easy as internet contains all the necessary detail needed. Those who are willing to buy the Toronto luxury homes can just log on to the internet where they can get short listed homes of their choice.

There are many property brokers in Brampton who deal with Mississauga Condos for sale. These brokers are very good in selling these properties as they take clients all round the homes and estate to make sure that the clients are satisfied. These brokers are the best to deal with when it comes to searching for the best home. This is because clients explain to them the kind of home they want one on one making it easy to get the best home a client wants.

Mississauga Condos for sale is negotiable in prices when dealing with property brokers in Brampton. Clients are advised to deal with these people for them to buy the Toronto luxury homes at affordable and manageable prices. These brokers can be found around Canada and one can use the internet to easily locate them.

The Real estate in Toronto – An eye opener

It was not a silky smooth start for Sukhbinder Singh, the immigrant from India to get settle in Toronto. In fact, Toronto, the bubbling metropolis with a population of 2.5 Million people is all set to add another half a million in a couple of years. So the pressure on the Toronto real estate is really palpable. Again, through the passage of time, as Sukhbinder struggled his way to a better milieu, all that he would aspire is to get the property in his adopted home, a property in Toronto. Says Sukhbinder’I made a cool calculation, the rent for my dorm is $ 1200 and I can get a loan and the total installment will be something $ 1500’. Yes, he is right, so is thousands like him.

 In fact, the surging economy, the easy availability and the easy bank loan has made the real estate here and properties as Vaughan homes for sale a much sought after phenomenon. Not only for hoi polloi, the condos in the elite hotels being sold off in no time. In fact, the Trump International Tower of Toronto has posted an 80 % occupancy rate in their hotels as well as condos much before the formal opening of the property.

 

The better life style, the close proximity to the work place, school, hospital, cultural centers as well as chill out zones has made the Toronto real estate such a hot property. No wonder the realtors will be there to “help” you out, whom to trust?

Toronto Real Estate- Etobicoke Week in Review Jan 23-29 2011

Derek Cardona video blogs about the week of January 23 to January 29, 2011 in the Etobicoke real estate including the area of The kingsway, The queensway, Hu…

Video Rating: 5 / 5