Real Estate Marketing Between Vancouver And Toronto

Recently,Vancouver’s market for single-family detached houses is getting so pricey that even Toronto seems like a bargain.

The gap between the two biggest real estate markets in Canada is becoming deeper and deeper,the price of a detached home in Vancouver averaged $2.2-million, compared with $1.05-million in Toronto.examples are not only existing above but also different areas in the two cities.

In my opinion, the high purchasing ability of Chinese citizens in Vancouver is one of the most important reasons.Some observers say buyers from China have been the major force behind escalating prices for detached properties on Vancouver’s west sides.

On the other hand,the climate and natural environment causes are influencing a lot,like most of citizens perfer the warm and sunny climate in Vancouver than the weather in Toronto which we called livable.

In September, prices for detached houses sold in the 416 area code averaged $1.05-million, up 10.7 per cent over the past year. The figures are lower when factoring both the city and suburbs, with the Greater Toronto Area’s detached houses selling for an average of $819,853 in September, up 11.2 per cent .

Hope in further days,the housing price and demand will be more in equilibrium condition in different cities in Canada.

Obviously,the gap between this two cities,

 

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