Downtown Toronto Real Estate: The Past 30 Years…

Here is a quick little synopsis of the last 30 years in Downtown Toronto. The biggest change, apart from prices which have increased almost seven fold, is the number of Condominiums in our marketplace. Since the late 1970’s and early 80’s, Condominiums which were only 2-5% of real estate sales have increased to just under 50% of the sales activity in 2007.

What is really great however, is that over the past ten and certainly five years, the number of renters converting to home ownership has significantly increased as can be seen in this graph by CMHC. Not only has this drastically changed the Toronto Skyline, but it has increased the tax base and made us more of a “Home-proud” City!

Become a Homeowner today. Whether you are a first-time buyer or investor, let me help you. Call me at 416-322-8000 or email at mail@richardsilver.com. Just have a comment? Leave one below. Glad to read your thoughts on any subject…

Leave a Reply

Your email address will not be published. Required fields are marked *