Motria's Market Blog: Big demand for affordable detached houses in the city...

Monday Aug 15th, 2016

Share

 

Big demand for affordable detached houses in the city…There continues to be a huge demand for lower priced houses in any area close to transportation, shopping and city. Last week we listed a little well maintained bungalow in the Caledonia and Eglinton area. In 3 days we had a preemptive offer on the property for $100,000 over asking. By the next day when we presented we had 7 offers and the house sold for $140,000 over. The areas in the city that have historically been not as desirable are now edging up in price due to proximity to the city. Young couples (millennials) are scrambling to get into a home in the city. I anticipate that this demand will continue to grow with not enough houses to support it. Hence, prices will continue to rise…

Motria Dzulynsky
Re/Max Professionals
4242 Dundas St. W.
Suite 9
Toronto, ON
M8X 1Y6
 
 
 

 


Post a comment