Sponsored Post: What Toronto’s Median Sale Price Buys You in 5 Other Ontario Cities - Real Estate Blog - Sharon Chung

Sponsored Post: What Toronto’s Median Sale Price Buys You in 5 Other Ontario Cities

Toronto’s real estate market continues to heat up. According to data provided by CREA, the median sale price for single family detached homes is now at $685,000, an 11.8% Y-o-Y increase, and also an all-time high.

Same data shows that the condo segment has seen a similar growth, which comes to dismantle the popular theory that condos are much more vulnerable to a crash than detached houses. The median sale price for condo apartments peaked at $335,000, which represents a 3.1% Y-o-Y increase.

To shake things up a bit, we wanted to see how Toronto’s residential market stacks up against 5 other cities in Ontario – Ottawa, Hamilton, Windsor, Oakville and Burlington. So we canvassed the real estate marketplace Point2 Homes for houses priced close to the $335,000 mark, and pulled out one from each of the 5 cities mentioned above. You might just find these options very tempting:

1: Ottawa

What Toronto’s Median Sale Price Buys You in 5 Other Ontario Cities463 Meadowhawk Crescent in Ottawa

 

Asking price: $271,900

Address: 463 Meadowhawk Crescent

For 20% less than the median sale price of a condo in Toronto, you could get this 3-bedroom, 2-bathroom, 1,391-square-foot townhouse overlooking the streetscape. The home features hardwood floors, a large dining area and an open concept ground level.

2: Hamilton

What Toronto’s Median Sale Price Buys You in 5 Other Ontario Cities7 Southside Place in Hamilton

 

Asking price: $319,900

Address: 7 Southside Place

You could buy this 3-bathroom townhome with 3 large bedrooms and living area, in addition to a spacious back yard. All for $16K less than the median sale price of a condo in Toronto.

3: Windsor

What Toronto’s Median Sale Price Buys You in 5 Other Ontario Cities1667 St. Patrick's in Windsor

 

Asking price: $279,900

Address: 1667 St. Patrick's

This 4 level side-split home boasts a white brick façade and stands on an 80-foor wide lot. It has 3 spacious bedrooms, 2 bathrooms, large living and dining areas, and a manicured private yard that also includes a recently-built shed.

4: Oakville

What Toronto’s Median Sale Price Buys You in 5 Other Ontario Cities502 - 1240 Marlborough Court in Oakville

 

Asking price: $319,900

Address: 502 - 1240 Marlborough Court 502

You could buy this spacious, sun-filled condo overlooking the ravine, that boasts a granite breakfast bar and counters, coupled with new cabinets and flooring. Building amenities include an indoor pool, a gym, hot tub and a library.

5: Burlington 

What Toronto’s Median Sale Price Buys You in 5 Other Ontario Cities#2 - 2230 Upper Middle Road in Burlington

 

Asking price: $309,000

Address: #2 - 2230 Upper Middle Road

This 3-bedroom, 3-bathroom townhome features state-of-the art finishes throughout, as well as a recently updated kitchen with new cabinets and ceramic tiles.

What these examples stand to show is that it’s important to explore all your options, because you never know where your dream home could be hiding!

Point2 provides real estate marketing and lead management software to brokers and agents. Point2’s solutions include the real estate listings portal, Point2 Homes.

 

Source: Urban Toronto, 8/7/2015

http://urbantoronto.ca/news/2015/08/sponsored-post-what-toronto%E2%80%99s-median-sale-price-buys-you-5-other-ontario-cities

   

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Sharon Chung

Sharon Chung

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CENTURY 21 Atria Realty Inc., Brokerage*
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