Suzana Davies Sales Representative ®
RE/MAX Realtron Realty Inc., Brokerage*, Brokerage Independently owned and operated
Mobile: 416-843-7017

REAL ESTATE MARKET UPDATE FEBRUARY 2016 - TORONTO - GTA

 

REAL ESTATE MARKET UPDATE FEBRUARY 2016 - TORONTO - GTA

Dear Friends, 
The weather in December and January was not the only thing that was unseasonably warm...the Toronto real estate market continued its hot pace with the sale of 4,672 residential transactions in January, up 8.2 % over January of 2015. The average price in January was $631,092, up 14.1% over January 2015’s average price of $552,925. 
This upward trend is expected to continue in 2016 as a recent polling conducted for TREB by Ipsos suggested that 12% of GTA households were seriously considering the purchase of a home in 2016. Buying intentions are strong despite rising prices of homes. With low interest rates, home ownership continues to be seen as an affordable long-term investment. 
Below are some reasons why Canada is so popular an investment opportunity for  many foreign and local investors. 


# Expensive City Cost of Monthly Rental 
in the 1300 Apt Rate of 1300 
world per sq. Ft sq. Ft Apt 
_________ _________ _________________ ________________ 
# 2 London $3,227 US Dollars $11,089 US Dollars 
# 3 Hong Kong $2,132 US Dollars $ 6,431 US Dollars 
# 4 New York $1,728 US Dollars $ 7,225 US Dollars 
# 6 Moscow $1,497 US Dollars $ 5,158 US Dollars 
# 7 Singapore $1,425 US Dollars $ 4,332 US Dollars 
# 10 Mumbai $1,070 US Dollars $ 2,540 US Dollars 
# 12 Tel Aviv $950 US Dollars $ 2,318 US Dollars 
# 15 Toronto $775 US Dollars $ 3,047 US Dollars 

http://www.globalpropertyguide.com/most-expensive-cities#most-expensive-cities 

I know the above are “averages”.  Prices are dependent on location, condition etc. However this gives us a general idea why so many foreign investors are purchasing in Canada. We are a BARGAIN! 
If you or a friend are considering purchasing an investment property, (yes ~ for sure, 2016 is a great time) please give me a call, there are some great opportunities in Toronto! 

Have a great February, 

Your Friend in Real Estate,

Suzana ( Sue ) Davies , Sales Representative Remax Realtron

suzdavies@trebnet.com  416-843-7017 www.suzanadavieshomeseek.com

Please Connect With  Me on My  Facebook Page www.facebook.com/suzanazarovskidaviesrealtor

Suzana Davies Sales Representative ®
RE/MAX Realtron Realty Inc., Brokerage*, Brokerage Independently owned and operated
Mobile: 416-843-7017

Trademarks owned or controlled by The Canadian Real Estate Association. Used under license.

The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 10/21/2017 3:04:21 PM