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For those who can get down payments and mortgages in some way, it is difficult to find cheaper houses.
Of course, one way to find a cheaper house is to expand the area you are looking for. Or, in areas where prices are likely to rise, buy at a cheaper price to get more profit.
Recently, the latest data from the Toronto area Real Estate Board show which parts of the region saw prices rise sharply last month and which are slightly cheaper.
The GTA neighborhoods with the biggest house price increases from May to June are mostly in downtown Toronto:
Attached building / Yangjie. Clair-prices have soared 24% month-on-month and year-on-year, reaching an average of C $212 million.
The average Don Mills/Don Valley West– price rose 20% month-on-month and 15% year-on-year to 1.45 million.
House prices in north York and the north-east, including Bayview Village and Don Valley Village–, rose 15 per cent month-on-month and 8 per cent year-on-year to C $1.1 million.
The average Birchcliffe-Cliffside/Oakridge– price in Scarborough rose 11 per cent month-on-month and 31 per cent year-on-year to C $1.41 million.
Port Perry-average house prices rose 8% month-on-month and 22% year-on-year to C $1.2 million.
Pickering-prices rose an average of 6% month-on-month, up about 9% from a year earlier to C $1.15 million.
Lake West Toronto-prices are up about 6% month-on-month and 1% year-on-year, to an average of C $1.55 million.
According to data released by the East Japan Real Estate Circulation Agency, in January 2022, the number of second-hand apartments in the capital circle was 2760, down 20.7 per cent from the same period last year and 4.2 per cent from the previous year; the number of newly listed units was 12597; the number of stocks was 36632, down 1.1 per cent from the same period last year, falling for 26 consecutive months and an increase of 2.6 per cent. In addition, the number of second-hand apartments in Tokyo’s 23 district was 1155, down 20.5% from the same period last year; Saitama prefecture was 328, down 19.6% from the same period last year; and Chiba prefecture was 351, down 15.8% from the same period last year.
The Zillow US home value index showed that December rose 1.4 per cent from November to $320662 and 19.6 per cent from December 2020. The annual growth rate represents an all-time high for more than 20 years. Since peaking at 2 per cent in July, the monthly growth rate has declined month by month, but the monthly growth rate from October to November accelerated again from 1.2 per cent. If monthly house prices rise at the same rate as in December, they will grow at an annual rate of 17.7%.
Tokyo, Shanghai and Singapore are the top three destinations for real estate investors in 2022, according to CBRE’s latest survey of investor intentions in Asia and the Pacific. Tokyo topped the list for the third year in a row. The survey, which covers all types of real estate, found that most investors (60 per cent) plan to make more acquisitions this year than in 2021, with Singapore, South Korea, Japan and Australia being the strongest.
The average price of a UK-listed house rose 0.3 per cent (+ 852) to £341019 in January 2022, 7.6 per cent higher than in January 2021, the highest annual price growth recorded by the Rightmove since May 2016, according to Rightmove. The UK property market experienced its biggest New year rebound in five years in January 2022, with demand for all types of property soaring, according to the latest data from Zoopla. Demand from potential buyers surged 49 per cent in the month, with house prices rising at an annual rate of 7.4 per cent, bringing the average value of UK homes to £242000.