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Community Snapshot

Category: Business, Condo, Townhomes,
Community Snapshot

Toronto Region

The 416 has always been a hotspot for real estate, the urban lifestyle and employment opportunities drawing homeowners to the bustling city streets. But over the past five years the landscape has been changing, with remote work and rising interest rates driving buyers away from Toronto proper. 

So is owning a home in Toronto still worth the investment? According to the Toronto Real Estate Board, the answer is clear. Even during these difficult conditions, the value of a home in the city has gone up across the board, with the average of all housing types having risen an incredible $269,483 between 2019 and March of 2024.

With value increasing even during the most difficult climate, it’s clear that Toronto real estate will always continue to appreciate.

Mississauga

Mississauga has long been one of the most desirable locations in the GTA. With its proximity to Toronto, commuters can save time and money while still enjoying the peace and quiet of a suburban neighbourhood-without the downtown price tag. 

Clarington - Courtice

As prices in the GTA rise, families have flocked to Durham Region in search of communities away from the rush of urban living, without giving up modern conveniences. And as remote work becomes more popular, many have taken the time to leave the city behind.

Municipalities like Clarington are a prime example of the changing values of Ontario homebuyers, and the value it’s brought to these neighbourhoods. In some housing types, like townhomes, Clarington prices have more than doubled since 2019.

Brampton

With the ninth largest population in all of Canadian cities, Brampton has been growing at a rapid pace. Bolstered by strong industry and education, it has become a coveted address for affluent homeowners and savvy investors. From 2019 to 2024, Brampton real estate has proven to have higher value than even its Toronto counterparts.

Burlington

Home to some of Halton Region’s most picturesque landscapes and renowned schools, Burlington has emerged as a coveted destination within the Greater Toronto Area. Even under the combined stressors of the pandemic and high interest rates, the median sale price for single detached homes edged up to 3.5% on a year-over-year basis to $880,000 in the first quarter of 2024.

BILD 88169 25 & 50 Year Sub Logos FA_30Years_TrustedBuilder

291 Edgeley Blvd.
Concord, ON L4K 3Z4
[email protected]

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Corporate Office & Design Studio

291 Edgeley Blvd.
Concord, ON L4K 3Z4
[email protected]