Across the GTA, housing prices and residential sales are going through the roof! COVID continuously exists to show that Real Estate is doing the best out of any working field.
With low interest rates established, this bullish trend continuously increases the popularity of buying and selling properties. While the entire region is succeeding in terms of real estate, it’s beneficial to show just which regions have been flourishing over the pandemic.
- Burlington: According to the RAHB, residential sales increased 54 per cent in February month-over-month. Burlington has seen a growth in interest over these types of properties: single-family, townhomes, and apartment-style condo units.
Prices are now as described:
- Single-family: $848,719
- Townhomes: $730,073
- Apartment-style condos: $515,217
- Aurora: Aurora has now become home to families that no longer want to live in the hustle of the city, but still want to be close to Toronto’s amenities.
- In February, residential sales climbed 47.5 per cent. Aurora has seen growth in both single-family detached and townhome properties.
- Pickering: The most attractive region for young families, while also remaining fairly close to Toronto.
- Residential sales soared 105.61 per cent in February.
- The average price for a home in Pickering is now worth $1,008,209
What we thought to be targeting only large cities, is now moving to the smaller regions too. It is slowly shifting and becoming a province-wide phenomenon. No matter if you are living in the downtown core, or on the outskirts, the real estate market will still continue its very fiery path.
Article Credit: RE/MAX