The Hottest 21 Neighbourhoods in Canada

By
Real Estate Agent with RE/MAX Legacy Realty Inc., Brokerage

Century 21 Sara Kareer Brampton, Mississauga, Oakville, Vaughan, Caledon, Toronto Real EstateThe followinng is a Press Release issued by CENTURY 21 Canada earlier today that lists the hottest 21 neighbourhoods in Canada. Data in this survey was compiled from MLS data by an independent research firm that provides real estate statistics for professional realtors throughout North America. The survey concludes that:

* Over the past year, from April 2008 to April 2009, average prices in these HOTTEST 21 NEIGHBOURHOODS increased by up to 17%.

* Over the past month, from March 2009 to April 2009, average prices in these HOTTEST 21 NEIGHBOURHOODS increased by up to 16%.

The following is the full version of the release...

CENTURY 21 Canada's HOTTEST 21 NEIGHBOURHOODS

• Prices up by 17% in past year in hottest market

• HOTTEST 21 NEIGHBOURHOODS span five cities, 10 suburbs

• 32 of 190 neighbourhoods had price increases over the past year & month

• 117 of 190 neighbourhoods had price increases over the past month

Housing markets in a handful of neighbourhoods in Canada's major cities have dodged the recession and experienced robust price increases over the past year, according to a CENTURY 21 Canada "HOTTEST 21 NEIGHBOURHOODS" survey released today.

CENTURY 21 Canada also reported that more than a hundred other big city neighbourhoods are experiencing resurgent house prices after months of languishing in the recession doldrums.

CENTURY 21 Canada said Canada's HOTTEST 21 NEIGHBOURHOODS for housing prices are located in five major cities and 10 suburbs of major cities:

• Over the past year, from April 2008 to April 2009, average prices in these HOTTEST 21 NEIGHBOURHOODS increased by up to 17%.

• Over the past month, from March 2009 to April 2009, average prices in these HOTTEST 21 NEIGHBOURHOODS increased by up to 16%.

The CENTURY 21 Canada survey shows that the HOTTEST 21 NEIGHBOURHOODS were in Toronto (three); Toronto suburbs (eight); Vancouver (two); Vancouver suburbs (one); Ottawa (one); Ottawa suburbs (two); Winnipeg (two); Halifax (one); and Regina (one).

All of the HOTTEST 21 NEIGHBOURHOODS experienced price increases over the past year and over the past month. Don Lawby, President of CENTURY 21 Canada, said, "These survey results support what I am seeing in my annual June Canada-wide tour of housing markets. Although most markets have been impacted by the recession, some have neighbourhoods in which prices are resilient and stronger today than a year ago and many have neighbourhoods that are getting stronger month by month this spring."

"This survey serves as a reminder to Canadian homeowners to avoid relying on city, provincial or national averages to gauge their local neighbourhood housing markets. Instead, sellers should monitor selling prices of similar homes in their own neighbourhoods. Buyers should monitor selling prices of typical homes in the neighbourhoods where they want to live," said Lawby.

The CENTURY 21 Canada survey covered 10 major cities (Halifax, Ottawa, Toronto, Winnipeg, Regina, Saskatoon, Calgary, Edmonton, Vancouver and Victoria) by Canada Post Forward Sorting Areas (FSAs) which are the equivalents of large neighbourhoods. FSAs are the first three digits of Canada's postal codes. Data was compiled for 190 of these neighbourhoods in which at least 30 housing units were sold during March 2009. Quebec data was not available for this survey and is therefore not included.

Of the total qualifying 190 neighbourhoods:

• 32 had average price increases over the past month (March 2009 to April 2009) and over the past year (April 2008 to April 2009),

• 117 had price increases over the past month (March 2009 to April 2009) but declines over the past year, and

• Six had price increases over the past year (April 2008 to April 2009) but declines over the past month.

The complete database showing market activity, days on market, average prices, median prices, and sold-to-ask ratios is available at www.century21.ca/media.

Hottest of the Hot 21 Price increases over the past month and year

Etobicoke
The hottest neighbourhood in metro Toronto over the past year included the Centennial Park area in Etobicoke (FSA: M9C) bounded east and west by Highway 427 and Etobicoke Creek and north and south by Eglinton Ave and Queen Elizabeth Way. In this neighbourhood, average prices were $302,052 in April 2009, an increase of 17% from $257,907 in April 2008 and an increase of 4% from $290,365 in March 2009.

Pickering
Another hot neighbourhood in metro Toronto includes Brock in the eastern suburb of Pickering near Lake Ontario (FSA: L1V) bordered on the north and south by Finch Avenue and Highway 401, where average prices were $334,216 in April 2009, an increase of 16% from $280,340 in March 2009 and an increase of 7% from $311,372 in April 2008.

Richmond, B.C.
The hottest neighbourhood in the Greater Vancouver/Lower Mainland is in Richmond (FSA: V6X), bounded north and south by Fraser River and Westminster Highway and east and west by Number 5 Road and Vancouver International Airport, where average prices were $448,469 in April 2009, an increase of 16% from $375,396 since March 2009 and an increase of 3% from $433,605 since April 2008.

Langley, B.C.
Another hot Vancouver neighbourhood is in the Township of Langley, 30 kilometres east up the Fraser Valley. Including the Langley Meadows neighbourhood (FSA: V2Y) this area is located directly south of the Trans-Canada Highway, north of 62nd and 56th Avenues, west of 248th Street and east of 196th Street, where average prices were $490,354 in April 2009, an increase of 15% from $414,560 since March 2009 and an increase of 12% from $437,041 since April 2008.

Winnipeg
North Kildonan in Winnipeg is a hottest neighbourhood (FSA: R2G), in an area bounded on the north, south and east by Glenway and Knowles Avenues, Oakland and McLeod Avenues and Day Street respectively. In this neighbourhood average prices were $225,111 in April 2009, an increase of 15% from $190,573 in March 2009 and an increase of 2% from $220,416 since April 2008.

Vancouver
The hottest neighbourhood in Vancouver is the downtown West Side/Coal Harbour area (FSA:V6E) bordering English Bay on the south, Hastings Street on the north, Burrard Street on the east and Broughton Street on the west. In this neighbourhood, average prices were $561,198 in April 2009, an increase of 15% from $476,331 in March 2009 and an increase of 0.3% from $559,314 in April 2008.

Ottawa
The hottest neighbourhood in Ottawa is the central area of Greenboro (FSA: K1T) bounded by Conroy Road and the CNR/CPR right of way. In this neighbourhood, average prices were $277,434 in April 2009, an increase of 15% from $235,956 in March 2009 and an increase of 3%from $268,028 in April 2008.

Toronto
The hottest neighbourhood in the City of Toronto includes High Park (FSA: M6P) bounded north and east by the CPR and CN tracks and on the south and west by Bloor Street and Runnymede Road, where average prices were $505,063 in April 2009, an increase of 14% from $436,369 since March 2009 and an increase of 7% from $473,392 since April 2008.

Oshawa
In the Toronto suburbs, one of the hottest neighbourhoods is Central Oshawa (FSA: L1J) bordered on the south and east by Lake Ontario and Oshawa Creek, on the north by Conlin Road and on the west by the Oshawa-Whitby town line. In this neighbourhood, average prices were $230,320 in April 2009, an increase of 13% from $177,912 in March 2009 and an increase of 4% from $196,357 in April 2008.

Halifax
The hottest neighbourhood in Halifax borders on the northeast shores of Halifax Harbour and Morris Lake (FSA B2W) where average prices were $222,756 in April 2009, an increase of 11% from $197,491 since March 2009 and an increase of 11% from $200,041 since April 2008.

An additional 17 neighbourhoods had increases of 10% to 27% over the past month from March 2009 to April 2009, but experienced declines over the past year from April 2008 to April 2009. Toronto, Vancouver and Calgary each have two of these neighbourhoods, while the others are Richmond Hill, Brampton, North York, Etobicoke, Winnipeg, Regina, Saskatoon, Edmonton, Abbotsford, Port Moody, and Burnaby.

Data in this survey was compiled from MLS data for CENTURY 21 Canada by an independent research firm that provides real estate statistics for professional realtors throughout North America.

Sincerely,

Sara Kareer
Century 21 Millennium Inc., Brokerage

(tel) 905-450-8300
(toll-free) 1-888-450-8301
(web) www.SaraKareer.com
(web) www.century21.ca/sara.kareer

 

Posted by

Sara Kareer, Re/Max Legacy Realty Inc., Brokerage

Sara Kareer RE/MAX LEGACY REALTY INC. Brampton, Mississauga, Caledon, Vaughan, Toronto

Sara Kareer, Realtor®, 
Your Key to Opening New Doors
Remax Legacy Realty Inc., Brokerage

   Sara Kareer RE/MAX LEGACY REALTY INC. Brampton, Mississauga, Caledon, Vaughan, Toronto                          

 

Sara Kareer | 3 convenient offices to serve you: 

Square One Office (905) 272-5000 |
Derry Road/McLaughlin Road Office (905) 795-1900 
 |
Dundas Street West/Mississauga Road  Office (905) 270-8840  
|
email me or call me Toll-free 1-888-973-6290 



websites: www.sarakareer.com |

If you are thinking of Buying, Selling or Relocating to Mississauga, Brampton, Caledon, Oakville, Toronto, or Vaughan and need help from a professional REALTOR®, I would be happy to assist you! 

Please visit my website for property searches and to sign up for free listing alerts or a free Home Evaulation.

 

Like Sara Kareer's Business Page  Follow Sara Kareer on Twitter   Connect with Sara Kareer on LinkedIn   Let me Google that for you - Sara Kareer Follow Me on Pinterest

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the car to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Topic:
Home Buying
Location:
Ontario Peel District
Groups:
Canada, eh
Posts to Localism
What's The Buzz In Ontario
Tags:
century 21 millennium
brampton agent
homes for sale

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the woman to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the tag to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
211,508

Sara Kareer

RE/MAX LEGACY Realty Inc,Bkg, Mississauga Brampton
Ask me, ask me anything...
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the robot to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Sara Kareer is Your Key to Opening New Doors. As a proven marketing professional and negotiator, Sara has the skills to help Buyers and Sellers successfully navigate through a real estate transaction with ease. Sara is a real estate enthusiast who loves to sell homes and is the key to your real estate needs. Call 1-888-973-6290 and tell Sara what you want and watch her deliver! Mississauga Real Estate Brampton Real Estate Oakville Real Estate Vaughan Real Esate Caledon Real Estate Toronto Real Estate