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Where Have Toronto Home Values Jumped The Most?

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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) ....

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Homes outside of Toronto's downtown core jump in value as buyers seek more space, affordability: report

TORONTO
If you bought a home in Scarborough just before the start of the COVID-19 pandemic you could be looking at a 25 per cent increase in value, a new report claims.
Toronto-based real estate brokerage company Properly laid out their findings Tuesday by way of an AI-powered home value calculator called “Instant Estimate.”
The results showed that the value of properties purchased in Scarborough, Etobicoke, and York in the six months before the onset of the pandemic appreciated the most, while homes in the downtown core appreciated the least.
“Real estate is hot everywhere in Toronto, but with downtown dwellers looking for more space and more affordability, home values in areas on the outskirts of the city have seen the greatest appreciation,” the company said in a news release. ....

Anshul Ruparell , Instant Estimates ,

Rise of the suburbs

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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.
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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.” ....

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