Toronto’s Real Estate prices have jumped immensely in the past 20 years. If you purchased your home 20 years ago, nine times out of ten you would see a significant increase in the equity of your home. Somewhere in the realm of four or five times what you originally purchased your home for. Take a west-end neighborhood in Toronto for instance, a semi-detached Victorian in this area typically went for approximately $200,000.00 in the early 1990’s would start at about $800,000 plus.
Based on this example alone, we can see our real estate prices are soaring high, which indicates demand in our market. Having the demand factor is very important, as well as the amount of supply. Everybody is drawn to the City of Toronto with its end-less opportunities, so it is no wonder why our real estate is booming from one end of the city to the other.
Find out today how you can take advantage of this booming market as a seller or buyer through your mortgage options! Contact Robert Clancy today!