Scarborough waterfront soars to top of Toronto real estate market for detached homes

A swath of Scarborough waterfront has become Toronto’s hottest real estate market, at least in terms of price gains for existing detached homes, according to a new study.

Several neighborhoods in southern Scarborough are gaining the most.

Birchcliffe/Cliffside led the city with a 25.4 per cent increase, with the average home in the area climbing $724,187 as of the end of June, compared to $577,567 from one year ago.

Next up in turns of percentages increase was Cliffcrest/Scarborough Village/Guildwood, up 23.9  per cent from a year ago, climbing from $609,047 to $754,437.

The Rouge/Malvern area saw prices rise 19.2 per cent during the same period, from $521,643 to $621,912.

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Randy Ramadhin

Randy Ramadhin

CENTURY 21 People's Choice Realty Inc., Brokerage*
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