Toronto, ON
By Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
Toronto, ON The Demographia International Housing Affordability Survey done annually lists the most expensive and least expensive housing markets in the metropolitan areas of the world. In their 11th annual report that was just released in January 2015, Toronto, ON is listed as the 3rd most expensive real estate market in Canada, behind Vancouver and Victoria, BC. Toronto: Median income: $73,900 Median household cost: $482,900 In the metropolitan areas of the world, it is important to maintain mobility and housing affordability. Mobility in the: 1. The ability to travel in less than an hour from one part of the city to another, and, 2. The ability to buy and sell real estate with low closing costs. -------------------------------------------------------------------------------...
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