One of the best things about working as a Realtor in Toronto is the opportunity to explore its many diverse neighbourhoods.
The collection of villages within the city, each with its own culture, feel and diversity is surely one of our city's greatest resources. As a Realtor however, of all the many elements that make up a neighbourhood, the one I focus on most is not just ‘location’ but more importantly, its cost of housing.
We continually hear headlines proclaiming the Toronto real Estate market is this or that, but in fact, each neighbourhood within the city has its own housing market, as distinctive as its culture. And like the vast differences of cultures, the variances in housing markets, or more particularly, the cost of housing is very broad. While $500,000 may buy you a beautiful four bedroom detached home in one area of the city, that same $500,000 would barely get you a tiny two bedroom condo in another.
Understanding the many elements that shape housing prices in each of these markets, as well as knowing where prices are trending, is an important part of a successful home purchase.
Looking to sell or buy in a particular area? Which neighbourhood is right for you?
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Posted by: indore real estate | Saturday, April 06, 2013 at 08:39 AM