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Share this article Share this article Homes purchased in Scarborough prior to COVID-19 have appreciated the most (25%), while homes in Uptown (5%), Midtown (7%), and Downtown (8%) have appreciated the least TORONTO, May 11, 2021 /CNW/ - Today, tech-enabled real estate brokerage, Properly, reveals how much homes across Toronto purchased in the six months prior to COVID-19 have appreciated in value. Using its proprietary, AI-powered home value calculator, housing trends seen throughout the GTA in the past year with homeowners fleeing the city and flocking to the more spacious suburbs are playing out in a similar way in the city of Toronto itself. Properly, a tech-enabled real estate brokerage, reveals how much homes across Toronto purchased in the six months prior to COVID-19 have appreciated in value. (CNW Group/Properly) ....
Article content Toronto increasingly out-of-reach for first-time buyers It’s been dubbed ‘the rise of the suburbs.’ People have been craving more space as they work from home amid the pandemic and buoyed by expectations that remote work is here to stay, they’re still relocating from Toronto to the suburbs. We apologize, but this video has failed to load. Try refreshing your browser, or Rise of the suburbs Back to video “During the first wave of the pandemic, we saw a massive shift from urban centres to small towns and suburban neighbourhoods,” says Phil Soper, president and CEO of Royal LePage. “Across the country, the revival of these secondary cities has become a driving force of the market, attracting buyers of all ages.” ....
This tool calculates how much your home is worth in Toronto Stay in the loop Sign up for our free email newsletter. Unsubscribe anytime or contact us for details. As Toronto real estate prices continue to skyrocket, a new tool can help you figure out the market value of your home. Properly, a tech-enabled real estate brokerage, launched Instant Estimate this month. People can enter any Toronto-area address and the website will generate an estimate upper, middle and lower range of that home s market value. The range varies based on the condition of the home, Anshul Ruparell, co-founder and CEO of Properly, told blogTO. ....