The real estate market in Toronto is still going already strong. The huge influx of quality immigrants coupled with strong faith of the foreign investors is really helping the Canadian real estate market. As per the latest stats, Toronto real estate market is going at the rate of over 7% over the year which is by far one of the best markets not only in Canada but also in North America. The average selling price was $523,036 across the GTA, compared to $497,130 in 2012.
Updated Average Home price: August 2017, the Average home price in Toronto was around $7,50,000.
Neighboring municipalities such as Vaughan, Markham, Mississauga, Brampton, Milton, Ajax and Kitchener Waterloo area has also seen unprecedented growth in the recent years. Investors consider real estate market in Canada as one of the hottest investment trend and therefore a lot of money is being poured into this market. Some investors are even reporting as much as 20% growth over the year which is real healthy sign that the market is booming. Immigration is one of the biggest factors to drive this growth. Immigrants from countries such as China, India, Middle East, Mexico etc. are pouring in a lot of money from back home into the Canadian real estate market. Considering the overall trends, now is the best time to buy property in the GTA. Contact us if you’re looking to invest or buy a home for yourself. We promise to help you secure the best property with maximum return on investment.
The city has the perfect blend of different cultures and different types of people. The city’s geography is a postcard image of what every real estate investor dreams about. Toronto is famous for its warm and sunny weather, as well as its cold and cloudy winters. Round the year suitable climate and hassle free atmosphere has made Toronto real estate an attractive buy for people considering location.
Another great thing about Toronto is that it one of the most popular destinations for retirement, lifestyle communities and new homes making the city one of the popular destinations for real estate investors. Toronto real estate offers new houses, condos, luxurious community settlements around gorgeous landscapes of majestic landscapes to please all the senses. Real estate sector of Toronto has what you’re looking for.
There are also several other factors, which influence a real estate buying. Cities in general should be chosen according to the person’s lifestyle. Presence and proximity of educational institutions and medical facilities plays an important role in choosing the right location. Sports and entertainment facilities are other features, which are looked before choosing a real estate community. Fortunately Toronto has all the above amenities for a perfect real estate investment destination.