Remax Toronto: Report

Solid investments in hot spot areas in Toronto, Remax advised recently. Again it was location, location,location. Older neighbourhoods close to the central core that are affordable like Parkdale, Swansea and Roncesvalles have all benefited from the recent renovation boom.

Most of these areas have undergone considerable revitalization with home owners investing their money in their home and the community they live in.

Surprisingly three of the top six preforming markets are located in the city centre. This is a very good sign that buyers are still interested in the central areas said Remax in a recent report.

Toronto Condominiums and Townhomes in three districts reported double-digit gains in average price.

In terms of percentage increase we have Hoggs Hollow, York Mills and the Bridle Path all in the C12 area averaging 21.78 per cent.

Humber Heights, Kingsview Village and Richview, all in W09 reported 12.79 per cent gains.

In the C02 area, Yorkville, Annex, Summerhill and South Hill averaged 11.31 per cent.

Toronto Condominiums in the Central core also saw the greatest increase, with the average price rising 5.9 per cent.

Remax Toronto sales associates lead the industry providing Real Estate services in Condos, Townhomes and single family sales.