Toronto home prices are falling, but not everywhere.
But the declines are masking the resilience of Toronto's core, where the median price has not fallen but rather climbed 5.2% from February to April.The rapid price declines in Toronto's suburbs and relative strength of the city core may be a preview of how a potential correction could play out across Canada. Smaller cities where prices jumped the most are at greater risk of steep declines than major urban centers like Montreal and Vancouver.
"The core is doing significantly better than the suburban market," said Realosophy Realty President John Pasalis, adding that multiple offers are still common downtown.The Durham region and Simcoe County on Toronto's outskirts, where prices skyrocketed more than 85% during the pandemic as white-collar workers arrived in droves, have seen prices fall by 15% in two months.
"I'm working with people who moved out of the city in 2020, and they now want to have a small condo in the city because their workplace that promised they can be remote forever is now saying, 'You have to be in the office two to three days a week,'" said Toronto realtor Lisa Bednarski at BSpoke Realty.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Elon Musk on housing market bubble: 'They dug their own graves'Tesla CEO Elon Musk recently added the housing market into the mix of his Twitter commentary.
続きを読む »
EUR/JPY Price Analysis: Approaches the neckline of the head-and-shoulders pattern around 134.70sEUR/JPY Price Analysis: Approaches the neckline of the head-and-shoulders pattern around 134.70s By christianborjon EURJPY Crosses Technical Analysis Sentiment
続きを読む »
The Antiscience Supreme Court Is Hurting the Health of AmericansJustice Alito’s leaked opinion signaling an end to Roe is the latest in a broad trend of rejecting science and expertise
続きを読む »
Grand Central Market shooting witness describes trying to help victim in his final momentsA witness is recalling the moment he rushed to help the man who was shot and killed outside Grand Central Market in downtown Los Angeles over the weekend.
続きを読む »
Huntsville is the best place to live in United States, according to US News & World ReportAlabama’s largest city climbed to the top of the best places to live rankings after being No. 3 in 2021. Here's what helped push the Rocket City to the top.
続きを読む »