Ali Alizadeh Broker
RE/MAX WEST REALTY INC., Brokerage Independently owned and operated
Office: 905-731-3948Mobile: 4163574040Toll Free: 1-800-544-9477

Toronto Real Estate Facts You Will Not Believe

April 25, 2017 - Updated: April 25, 2017

 

Toronto Real Estate Facts You Will Not Believe!

 

Real estate in Toronto has been changing continuously over years. There is not a topic more challenging and talked about in the financial community than the talk about the Toronto real estate market.

 

Here are a few facts about the real estate in Toronto that are hard for everyone to believe:

 

1-      According to the Toronto Real Estate Board, there is one realtor for every 140 residents in Toronto. This brings it to a total of more than 39,000 realtors currently working in the real estate business in Toronto alone.

 

2-      By the end of 2014, a survey showed that there were over 56,000 houses under construction in Toronto. That’s a whole lot of condos being built than many popular cities in the world.

 

3-      The price-to-income ratio of real estate in Toronto is found to be 8.9 times according to a survey conducted in 2013. We can only wonder how far gone it has been in these 4 years.

 

4-      We all know that prices of houses have gone sky high but how much exactly? In past 5 years, that average is estimated to have gone up over 50% of the previous prices.

 


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Ali Alizadeh Broker
RE/MAX WEST REALTY INC., Brokerage Independently owned and operated
1118 Centre Street
Thorn Hill, Ontario   L4J 7R9

Toll-Free: 1-800-544-9477Phone: 905-731-3948Mobile: 4163574040Fax: 905-731-4074
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