The Latest Real Estate Market News, Trends & Advice For Toronto GTA and Surrounding areas Halton, Peel, York, & Durham.
Opinion
Something noteworthy about the GTA is that house prices drop much more gradually the farther you get from the city core. As opposed to most cities with a much sharper pyramid structure centre$$$ > suburbs$
It seems like the entire regions around the two major cities get a flat lift in prices as far as a 3 h drive out.
Why? What are your theories? Am I wrong?
Seems like it will economically cripple the country. Those medium cost mid density towns in between cities are crucial for creating an industry and maintaining birth rates.
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Same for vancouver. Downtown condos selling same price/sqft as burnaby. Similar to coquitlam.
The lesson I took from this is that if you do invest in GTA buy as central as you can. Globally in other 5+ mil cities that’s where un achievable high (for average residents) land values can be justified.
The strip between st. Clair and Ellington especially still has some nice old ugly houses on decent sized land. Also the city is gonna spend billions on new subways and it’s support. Follow wherever the bigger fish have or will commit money to improving the area.
What would you consider central gta?
We’ll the true core by definition has already been developed and have matured past the rapid growth stage
So you draw a circle around a desirable central area that you are priced out of and try to predict which direction the core is gonna grow in
For example young and eg is unachievable so I keep looking east towards young and bayview knowing that that intersect will start looking a lot like mt pleasant and eg in 15 yrs
Always looking at the neighborhoods with uniform ww2 bungalows. Places that have mid to big detached under 1.5$
Any suburbs you think are good investments? Like Mississauga for example
I’m not very familiar with sauga
But rule of thumb, you can go on google maps and the high density areas look very different from suburbs and industrial zones (smaller grid patern lots of small roads less diffused green space) you want to explore suburbs near those areas on foot to get a feel for the neighborhood
30mins of 404 east or west.. under major Mackenzie.
Are you talking about our suburban hellscapes being economically unsustainable? Shhh, get out of here, we need to sell greenfield low density projects and cars, as well as build more lanes of highways and parking lots, otherwise it ALL falls apart.
Houses and lots generally get larger and newer the farther out you go, which somewhat offsets the premium for central location.
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By your logic this is news because the data is suggesting otherwise...
You would think that it’s a common knowledge bc almost everywhere else in tho world is like that. but looking at Toronto RE for 5 min shows that yes this is news to most buyers
Toronto is the best city for the investment in the world. Anyone who argues this is a doomer and is wrong. When we are the price of Manhattan and other world class cities and then everyone here will be held accountable By me