Could have? Should Have?
Toronto real estate prices for detached properties show no sign of any price abatement.
Will today's prices for a single family detached home be viewed as a bargain in the future?
Can you ever time the market?
Canada Mortgage and Housing issued some insightful graphs.
Have a look and consider the details and source of information.
While condo's are becoming over abundant in the next few years they are holding an average of $425 to 495 per square foot in recently built product.
However the detached single family homes in West Toronto continue to astound us all with their values. $600 to $800 K. Interestingly enough the higher priced homes [1.0MM to 1.750 MM] by value are also selling with confidance.
I came across a few gems this week in upscale Etobicoke neighbourhoods, Reach out and say hello.
The continuing lack of inventory makes selling a home right now, the highest continuing price increases since 1995.
Are you ready to sell? Call me!