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Toronto house sells for more than $1M over asking amid record year for home sales; Makes our housing appear undervalued
Topic Started: 8 Jan 2017, 01:08 PM (4,751 Views)
Bardon
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Astonishing annual house price growth in Toronto with no end in sight.

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A house in Toronto recently sold for more than $1 million over asking, as the average price for homes sold in the Greater Toronto Area last month skyrocketed by 20 per cent over the previous December.

The split-level home, located at 19 Talwood Dr. in the Lawrence Avenue East and Don Mills Road area, sold by Ecko Jay Realty Ltd Brokerage on Nov. 10 for $2,658,000 after being listed at a price of $1,488,800.

“It just gets back to the fact that while we’ve seen sellers’ market conditions over the last two or three years, they only grew stronger this year,” he said, adding he expects to see home purchases continue to grow under the current market conditions this year.

“And if we don’t see any sort of change on the supply side we should continue to see upward pressure on home prices.”



http://globalnews.ca/news/3162259/toronto-house-sells-for-more-than-1m-over-asking-amid-record-year-for-home-sales/
Edited by Bardon, 8 Jan 2017, 01:10 PM.
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Terry
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Bardon
8 Jan 2017, 01:08 PM
Not really that astonishing. Auckland is far closer to your suburb and the city's growth has been easily as spectacular or more spectacular than Toronto.
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Bardon
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Terry
8 Jan 2017, 01:43 PM
Not really that astonishing. Auckland is far closer to your suburb and the city's growth has been easily as spectacular or more spectacular than Toronto.
And so has Sydney's been and others.

Just saying that the magic pudding club is serving out bowlfuls far and wide and these Toronto prices makes some of our city prices appear undervalued.
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Terry
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Bardon
8 Jan 2017, 01:57 PM
And so has Sydney's been and others.

Just saying that the magic pudding club is serving out bowlfuls far and wide and these Toronto prices makes some of our city prices appear undervalued.
I would say that Auckland's performance would be more spectacular than that of Sydney.

Also, it doesn't make our cities undervalued if there is no "universal benchmark" that validates Australian cities being priced as the same as those of Canada.
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Bardon
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Home values skyrocket in Vancouver area

Home values in the Vancouver region skyrocketed in the latest BC Assessment data, with the snapshot from mid-2016 capturing the housing market before it cooled off.

Assessments for single-family detached houses jumped 30 per cent to 50 per cent in value from July 1, 2015, to July 1, 2016. For example, a typical detached home on a lot with a width of 33 feet (10 metres) on Vancouver’s west side soared 41 per cent in value, BC Assessment said Tuesday.

http://www.theglobeandmail.com/real-estate/vancouver/home-values-skyrocket-in-vancouver-region/article33473392/
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Chris
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Bardon
8 Jan 2017, 08:34 PM
Home values skyrocket in Vancouver area

Home values in the Vancouver region skyrocketed in the latest BC Assessment data, with the snapshot from mid-2016 capturing the housing market before it cooled off.

Assessments for single-family detached houses jumped 30 per cent to 50 per cent in value from July 1, 2015, to July 1, 2016. For example, a typical detached home on a lot with a width of 33 feet (10 metres) on Vancouver’s west side soared 41 per cent in value, BC Assessment said Tuesday.

http://www.theglobeandmail.com/real-estate/vancouver/home-values-skyrocket-in-vancouver-region/article33473392/
And where's the money coming from idiot?

China gets road blocks from Australia and the next fav destination for black market money, Canada, and you think this is a sign of growth and stability??!

Buy ten houses in Toronto cockhead, if you don't spend a cent there it means the whole premise of your arguement is bullshit. Unless your telling everyone that 30-50% yoy gains is not a part of your long term financial stratergy.

Man, what a douche..............
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Bardon
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$13m asking price in a good Toronto neighbourhood.

Posted Image

https://www.realtor.ca/Residential/Single-Family/17435291/95-BAYVIEW-RIDGE-Toronto-Ontario-M2L1E3-Bridle-Path-Sunnybrook-York-Mills
Edited by Bardon, 8 Jan 2017, 10:39 PM.
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Ex BP Golly
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Chris
8 Jan 2017, 09:30 PM
And where's the money coming from idiot?

China gets road blocks from Australia and the next fav destination for black market money, Canada, and you think this is a sign of growth and stability??!

Buy ten houses in Toronto cockhead, if you don't spend a cent there it means the whole premise of your arguement is bullshit. Unless your telling everyone that 30-50% yoy gains is not a part of your long term financial stratergy.

Man, what a douche..............
Taking a loss of 30 to 60% to wash your dirty money is considered acceptable amongst the criminal fraternity.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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Trollie
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Ex BP Golly
9 Jan 2017, 09:40 AM
Taking a loss of 30 to 60% to wash your dirty money is considered acceptable amongst the criminal fraternity.
How do you know so much about being a crook?
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Ex BP Golly
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Trollie
9 Jan 2017, 03:17 PM
How do you know so much about being a crook?
I study them. I'm here because you very petty crims give me light relief.
WHAT WOULD EDDIE DO? MAAAATE!
Share a cot with Milton?
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