Friday, May 8, 2009

Bay St. Housing Prices Increase in Value

A recent report on housing price movements by neighbourhood indicate that the Bay Street corridor spanning from Bloor St. (to the North) to Queen St. (to the South) and from Yonge St. (to the East) to University St. (to the West) reported one of the highest increases in resale housing values in all of the GTA for the first quarter of 2009.

Resale prices in the Bay Street corridor were up 21% from last year with the average resale housing price of $377,001 from January to March 2009. Another reason why AURA at College Park offers the best opportunity for capital appreciation in the downtown core.

Read the full report "Early Signs of A Rebound" in the Globe and Mail (April 24, 2009)
Photo Credit: By REUTERS, Reuters Pictures