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Share this article Share this article Homes purchased in Scarborough prior to COVID-19 have appreciated the most (25%), while homes in Uptown (5%), Midtown (7%), and Downtown (8%) have appreciated the least TORONTO, May 11, 2021 /CNW/ - Today, tech-enabled real estate brokerage, Properly, reveals how much homes across Toronto purchased in the six months prior to COVID-19 have appreciated in value. Using its proprietary, AI-powered home value calculator, housing trends seen throughout the GTA in the past year — with homeowners fleeing the city and flocking to the more spacious suburbs �...

  TORONTO -- If you bought a home in Scarborough just before the start of the COVID-19 pandemic you could be looking at a 25 per cent increase in value, a new report claims. Toronto-based real estate brokerage company Properly laid out their findings Tuesday by way of an AI-powered home value calculator called “Instant Estimate.” The results showed that the value of properties purchased in Scarborough, Etobicoke, and York in the six months before the onset of the pandemic appreciated the most, while homes in the downtown core appreciated the least. “Real estate is hot everywhere i...

Article content Toronto increasingly out-of-reach for first-time buyers It’s been dubbed ‘the rise of the suburbs.’ People have been craving more space as they work from home amid the pandemic and buoyed by expectations that remote work is here to stay, they’re still relocating from Toronto to the suburbs. We apologize, but this video has failed to load. Try refreshing your browser, or Rise of the suburbs Back to video “During the first wave of the pandemic, we saw a massive shift from urban centres to small towns and suburban neighbourhoods,” says Phil Soper, president and CEO ...