Big things are happening in Toronto Real Estate. According to the MLS Housing Price Index, the City of Toronto was up 7.37% year-over-year for December.
That’s not all. The City continues to outpace the GTA in terms of price growth. For December 2019, The GTA was up 11.7%, while the City of Toronto was up 16% (a 4.3% better return on investment).
Population growth is ever-present and residents place a high value on city lifestyle. Easy access to transit, shopping, culture and employment opportunities are high priorities. At the same time, demand is steadily growing, while supply remains limited.
Even though the skyline is full of construction cranes, only about 30 projects will be completed during 2020 from midtown down to the lake. (sources precondo.ca and 99homes.ca)
Buying and selling in the Toronto core offers exceptional lifestyle PLUS the best return on your investment compared to the rest of the GTA. That’s my take on the latest numbers.
While the trend continues, find out what your property is worth.
Contact me for your free market evaluation:
416-888-0883