As I've said all along, real estate is local. Buyers will be pleased to know that if they are looking in the any of the following areas, they can definitely get bang for their buck and have an opportunity to get into some of Toronto's most sought after neighbourhoods...
Toronto Life - Less is More
Neighbourhoods with the biggest price drops By Bert Archer
FOREST HILL
Median prices in the prestigious environs of the MLS zone known as C3 rose by almost nine per cent in September, then tumbled by 25 per cent in October and 15 per cent in November.LAWRENCE PARK
Median prices in C4 declined over September, October and November by seven per cent, 17 per cent and almost 32 per cent, respectively—proof that million-dollar homes are the first to tumble in a recession.ROSEDALE
Though averages were all over the place in C9, ranging from a 39 per cent decline in October to a 52 per cent increase in November, the medians tell the story in this, the third of our city’s three ritziest ’hoods, with precipitous drops of seven per cent, 49 per cent and 24 per cent in the last three months of the year.
LEASIDE
The C11 zone is home to the Bayview strip of decor stores and gourmeterias. Close to the action, houses sell for a million, and farther out, they sink into the $300,000s. But with drops of 19 per cent, 54 per cent and 39 per cent, it’s clear that nice as it is, this upscale stretch is no match for its more central counterparts.CENTRAL ETOBICOKE
W9 includes western neighbourhoods on the edge of the burbs. Median drops of 14 per cent, 23 per cent and 60 per cent brought prices from a median of $327,000 in November 2007 to a dismal $132,000 a year later. On the bright side, there’s no better part of town to get a deal.
Interested in checking out listings in any of these neighbourhoods?
Email me today at mark@markrichards.ca and I'll send you a link of properties available now.
Click on the following links for neighbourhood profiles:
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