Why hasn’t Toronto’s housing market tanked like London’s or New York’s?

Watching the global real estate market from Toronto these days can make you feel a little like Nero with his fiddle According to bloggers reports Toronto's Residential Real Estate hot market has been fuelled
by foreign buyers who have kept the market going. with the sub-prime meltdown spreading across North American and European Cities expensive condominum from London to New York

  now sit on the market for months at a time, where Toronto has managed to move right through the crisis without a scratch. Everybody’s wondering why we’re weathering the storm so well (and just how long that will last) Data from economist and Toronto Real Estate Board, reports that “the number of units sold, particularly at the affluent level, is growing by far more than the number of high-end domestic households.”

Toronto’s High End Real Estate

What is The reason for the influx of Foregin Investors? recently the World Economic Foum voted Canada as having the world's most stable and sounding banking system, and With the American foreign policy being not exactly conducive to attracting certain groups of immigrants in the past few years, the U.S. has become less attractive to Foregin Investor as Canada, is perceived as much more stable and tolerant option as a conservative market place. According to data the condos are primarily being snapped up by investor and immigrant from China, Iran, Russia, South Korea, Middle East South Asia and Britsh nationals are also large client base.

The high-end condos with a price tag of about “$1 Million to $11 million.”have become the norm for the Toronto Market, My single biggest client group are “foregin investor ” most of the sales over the past year have been to foreign buyers.”much of my business comes from foregin investor and refferal from real estate offices around the world.”  business is non-stop, even buyers, who haven’t even decided if they will move here, are buying from over seases not-yet-built condos through the internet

With Toronto growing multicultal community ther has been a number of builders of high-end Condominum developments catering their product to the New Commers and Foregin Investors, it's been about four decades since multiculturalism become official part of our already colourful nation, given us more than ethnically interesting restaurants and vibrant parades; it also appears too be propelling Canada economic engine .


No comments:

Get Real Estate Tips

linkwithin...

About Us

Get Free Email Updates to your Inbox!

REAL ESTATE SNATCH is the independent real estate blog of Samir Safadi, Sales Representative of West-100 Metro View Realty Ltd, brokerage it is dedicated to covering Real Estate News, digital culture, social media and technology, providing analysis of trends, Market Data , reviewing new development. Offering Real Estate services resources and guides. Services are provided to prospective buyers and sellers of real estate by Samir Safadi, Sales Representative, West-100 Metro View Realty Ltd, brokerage, duly registered in the province of Ontario, under Real Estate and Business Brokers Act, 2002 (REBBA 2002) and Member in good standing with



©Copyright 2009-2017 REAL ESTATE SNATCH All Rights Reserved Registration on or use of this site constitutes acceptance of our

Search This Blog