Toronto Real Estate Board (TREB) report for October 2011 uncovers Toronto’s real estate values:
416 Average Prices
Detached Home: $751,000
Semi Detached: $540,000
Townhome: $440,000
Condo: $368,000
Note: all quotes above are rounded averages.
Source: To see TREB’s report use this link.
Investors should ask themselves if the investments they are buying make sense, or not? will they yield positive cashflow? what about potential for value increase? what are the risks with each purchase? how fast will I be able to sell a property if I needed to sell it right away?
For answers, and more information regarding Toronto Real Estate, contact Yossi.