Even if owning property in Toronto will likely never be in the cards for you, keeping an eye on the city's topsy-turvy real estate market is like w...
Even if owning property in Toronto will likely never be in the cards for you, keeping an eye on the city's topsy-turvy real estate market is like witnessing a car crash you can't look away from, especially with interest rates being what they are right now.
But, there are still some pockets in and around the city where home prices are still on the rise, up double digit percentages from this time last year.that looks at how the cost of the average home — detached homes specifically, mind you — have changed across the GTA so far in 2023 compared to up to this point in 2022.
Also notably up is Cabbagetown, where prices for standalone homes have hit a whopping $3,111,667, a jump of 11.7 per cent from the same time in 2022; and Rosedale and Moore Park, where prices climbed 4.3 per cent year-over-year to $4,337,829., on the other hand, were in Cedarvale and Oakwood Village area, where prices plummeted 16.7 per cent, from $2,685,109 to $2,237,784. The eastern edge of Scarborough likewise saw prices lessen by 13.5 per cent in the north and 13.8 per cent in the south .
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