Daniels MPV. The North York apartment market continues to be hot. The North York apartment market continues to be buoyant, with average prices of 1-and 2-bedroom units rising by about 5% to 7% over the past four months.Please Visit: Daniels MPV to Get Your VVIP Registration Today!
Overall apartment prices in North York have been rising steadily since March, with one-bedroom unit prices rising an average of 25000 yuan, or 5 percent, to about 528000 yuan in the past four months, while two-bedroom prices rose 45000 yuan, or about 7 percent, to about 698400 yuan over the same period, according to Strata.ca.
Data show that the transaction price of an one-bedroom apartment in North York is often much higher than the owner’s asking price.
Strata.ca said that the ideal area in North York is Willowdale, mainly because of its proximity to major roads such as DVP, Highway 401 and Yonge Street. The average price of an one-bedroom apartment in this community has increased by 60, 000 yuan compared with June.
Strata.ca broker Cliff Liu said that at present, many property buyers in North York are first-time home buyers. In addition, they also meet the requirements for retirees to choose to reduce the size of their residential units, so they are very popular with retirees.
The NATO property market continues to heat up, but the property market in downtown Toronto continues to cool. It is reported that the average property price of apartments in downtown Toronto has been maintained at about 790000 yuan since April. Apartments with a price of more than 1 million yuan in April have so far recorded a drop of about 150000 yuan.
A report released earlier by the Toronto Real Estate Bureau pointed out that although the population growth in July was affected by the epidemic, the demand for property was still strong.
Kevin Crigger, president of the Toronto Real Estate Bureau, said: “particularly noteworthy is the apartment market, which has improved significantly in 2021, transaction prices have risen compared with 2020, and many first-time home buyers have benefited from this slow pace of rise in property prices.”