Family Holiday Events In The GTA!

There are still tons of inexpensive events going on in the GTA this weekend!

We’ve compiled a little list to give you & your family a couple ideas 

Happy Holidays!

Has Your Toronto House Prices Increased In The Last Five Years?

According to an analysis Zoocasa did on detached and semi-detached housing prices in Toronto, the average house prices have doubled in two neighbourhoods, while 16 out of 35 neighbourhoods’ prices have increased by at least 50% or more in over five years.

 

If you already own a home or condominium in Toronto, it continues to be a great investment.

A new survey found that homes in two neighbourhoods and in eight condos have increased by more than 100 per cent in five years.

The survey by real estate website Zoocasa used data from the Toronto Real Estate Board to check how much how much prices have gone up between July 2014 and July 2019. Toronto house prices in 2014 were on average just over $821,198, and now the average price is $1,167,968. That’s an increase of 42 per cent.

As detached and semi-detached homes become out of reach for many home buyers, the condo market continues to be a hot spot for Toronto real estate. Condo prices five years ago were on average were $379,002.

The average across the city this year is $627,927, an increase of 66 per cent.

Penelope Graham, Zoocasa’s Managing Editor, says the fact that many people can’t afford a detached home in Toronto is driving the increase in condo sales.

“Five years ago, if you had a budget of $700,000, you were a house buyer, but now we have more competition in the condo segment,” Graham said.

With real estate, it’s all about location. House prices more than doubled in the neighbourhoods of Forest Hill, Oakwood Village, Regent Park, St. James Town and Corktown. Condo prices increased in eight zones across the city, including West Hill, Centennial Scarborough, Scarborough Village, Guildwood and Malvern Rouge.

The rising prices may be frustrating first time home buyers, but Zoocasa says there are still deals to be found.

“These are averages, so there will always be some higher than the average and lower than the average” said Graham.

Condos in Toronto’s downtown core and those close to public transit were the most sought after with prices between $500,000 and $700,000.

https://toronto.ctvnews.ca/some-toronto-homes-and-condos-double-in-price-in-5-years-1.4561632

 

How Much Has Your Home’s Value Increased In The Last Five Years? Call Your Sutton Neighbourhood Realtor For A Free Home Evaluation At 416-896-3333!

Sutton Group Realty Featured Open Houses!

Sutton Group Realty Featured Open Houses!
Call For Times & Details: 416-896-3333

1. 6400 Lawrence Ave East Unit 14, Toronto
2. 95 Pagebrook Cres, Hamilton
3. 37 Snider Ave, Toronto
4. 5 Valhalla Inn Rd Unit 504, Toronto
5. 125 Weston Rd, Toronto
6. 284 Mill Rd Unit B5, Toronto
7. 39 Snider Ave, Toronto
8. 921 Canyon St, Mississauga
9. 63 Ganton Hts, Brampton
10. 523 Mcferran Cres, Milton

Hot Training Topic This Week Sutton Agents: Form 801 Disasters!!

  Sutton Training Sessions

Hot Topic This Week:
Form 801 Disasters – What Not To Do in Multiple Offer Situations 
After the CBC Marketplace investigation into Multiple Representations, RECO is out to make sure all
Agents are working on the Up and Up – including Multiple Offer Deals.
There is still much confusion regarding Form 801 and Multiple Offer Presentations.
Let’s get together and go through a few scenarios of What is Happening
in the Real Market Place.
Includes an Overview and Sharing of “Actual Current Experiences” from a Seasoned Agent.
Please RSVP as space is so limited
Sutton Group Realty Systems Inc. Brokerage – Independently Owned & Operated
416-762-4200 – 905-896-3333