#9125055 - 09/06/17 06:36 PM
House prices drop more in York Region than any GTA community
|
Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
|
If you’re selling your house in York Region, this is going to come as really bad news.
If you’re looking to buy, you can breathe a sigh of relief, although prices continue to be steep.
After a frenzied selling period in the Greater Toronto Area from last fall to April, York Region is suffering among the worst drop in prices of resale detached homes in the GTA, according to new numbers from the Toronto Real Estate Board.
On a list of eight GTA communities where prices have plunged by at least 20 per cent since April, York Region takes five spots, more than any other area.
Whitchurch-Stouffville tops the list. Prices have plummeted 26 per cent to an average of $1.025 million.
Newmarket is next. Prices have fallen 24 per cent to $901,005.
In third place, Aurora and Markham tie Toronto West, where prices in all three communities have dropped 23 per cent. The average resale detached house in Aurora now sells for $1.144 million, while in Markham it goes for $1.319 million.
In sixth place is Richmond Hill, where prices have fallen 22 per cent to an average of $1.467 million.
Rounding out the list are Oshawa, where prices have dropped 22 per cent to $523,943 and Clarington, where prices have plunged 21 per cent to $550,677.
Georgina is the only York Region community on the list of prices that have fallen between 15 and 20 per cent since April. Prices have dropped 15 per cent to $604,838.
Of the six communities where prices have dipped 10 to 15 per cent, Vaughan tops the list. Prices have dropped 14 per cent to $1.349 million.
East Gwillimbury is sixth. Prices have fallen 10 per cent to $966,047.
The only GTA communities that saw house prices increase since April were Halton Hills and Scugog.
Frank Polsinello, of Remax Polsinello, is surprised how quickly prices have fallen in the region.
He doesn’t blame the dramatic drop on the province’s foreign buyers’ tax introduced in the spring.
Instead, he believes buyers walked away from the frantic market, leaving a glut of inventory on the market.
https://www.yorkregion.com/community-sto...ty-treb-report/
OMG THE POOR PEOPLE OF YORK REGION!!!
|
|
Top
|
|
|
|
|
#9125221 - 09/06/17 09:29 PM
Re: House prices drop more in York Region than any GTA community
[Re: Risky Business]
|
Senor Eduardo_82
miataist
Post Master Supreme
Registered: 01/09/03
Posts: 38036
Loc: Ca�ada
|
|
|
Top
|
|
|
|
|
#9125222 - 09/06/17 09:29 PM
Re: House prices drop more in York Region than any GTA community
[Re: Hatorade]
|
Simon_the_Pieman
Post Master Sr
Registered: 08/13/01
Posts: 9462
Loc: The A
|
Is it over priced or are the prices finally where they should be at?
its where they should be over priced at
_________________________
"I'd love it if we did it... but I guess I'm a big skeptic on Canadians because so many are retarded as fuck." - 355-Si, 2020
|
|
Top
|
|
|
|
|
#9125906 - 09/07/17 01:26 PM
Re: House prices drop more in York Region than any GTA community
[Re: iamfob]
|
Hatorade
pheggit
Post Master Supreme
Registered: 11/05/99
Posts: 26894
Loc: Toronto, ON
|
Should have done 88,888.88 lol and get the selling price to $1,044,444.44 to fuck with the seller 
Hahahaha!!!
_________________________
'07 997.1 GT3
'08 E90 M3
'11 E90 d
'02 Rota Grid - 195-55-16FR (RIP)
'04 Volk GTC - 245-35-19F/275-35-19R (Sold to a farm boi)
I thought Spark was a robot from the old movie and I kind of remember seeing him telling some engineer showing the equation for a clear metal that the guy would event years later - porschetr
|
|
Top
|
|
|
|
|
#9135755 - 09/19/17 10:23 AM
Re: House prices drop more in York Region than any GTA community
[Re: TheRealCSnapper]
|
JEFFOS
Post Master Supreme
Registered: 01/27/00
Posts: 29150
Loc: Toronto
|
I just put a bid on a house today that's 88,800 under asking  (it's true). Now that's some reverse Chinese lucky number action (seller is a dick that tried to use the 8's to attract an Asian buyer) seller trying to be a dick to get the most money for their property?
Hah yes.
I actually got them down to the price I wanted but they wanted no conditions and it's not that kind of market. I'll go back at them again when they realize that was a good deal.
_________________________
-Jeff
|
|
Top
|
|
|
|
|
#9136249 - 09/19/17 07:26 PM
Re: House prices drop more in York Region than any GTA community
[Re: JEFFOS]
|
xza8
Sr Member
Registered: 12/18/09
Posts: 1065
|
I just put a bid on a house today that's 88,800 under asking (it's true). Now that's some reverse Chinese lucky number action (seller is a dick that tried to use the 8's to attract an Asian buyer) seller trying to be a dick to get the most money for their property? Hah yes. I actually got them down to the price I wanted but they wanted no conditions and it's not that kind of market. I'll go back at them again when they realize that was a good deal.
 , no offence, you might have been able to pickup a property with 2016 prices but you probably missed out on the years of appreciation for being too smart
|
|
Top
|
|
|
|
|
#9136257 - 09/19/17 07:46 PM
Re: House prices drop more in York Region than any GTA community
[Re: xza8]
|
furball
Post Master Sr
Registered: 09/24/03
Posts: 9484
Loc: Toronto, ON
|
|
|
Top
|
|
|
|
|
#9136584 - 09/20/17 09:16 AM
Re: House prices drop more in York Region than any GTA community
[Re: furball]
|
fatso
Post Master
Registered: 12/12/06
Posts: 2323
Loc: Ontario
|
SOLD for 5 million percent over asking!
Douche........
|
|
Top
|
|
|
|
|
#9136754 - 09/20/17 11:23 AM
Re: House prices drop more in York Region than any GTA community
[Re: fatso]
|
LNXGUY
Post Master Supreme
Registered: 08/06/00
Posts: 106942
Loc: Barrie, Ont,
|
I need a heated driveway in my life at some point.
_________________________
-Bill The GN would OWN you, your children and your children's children. '09 E90 335 d 
|
|
Top
|
|
|
|
Moderator: c2k, LNXGUY, TheRealCSnapper, Professor Paki
|
|
when shit already over priced to begin with lol.
FTMFW!!!
