Suburban area homes are hot in the search for affordability.
It’s been another competitive year in the Toronto area with many of Toronto’s suburban communities seeing the largest price jumps as buyers continue to seek larger homes and find value.
(Later this week, I'll review the best performing neighbourhoods for condos.)
Watch my video above for full details on our top ten best performing neighbourhoods for houses.
Below are the top 10 neighbourhoods in the Toronto area with the highest appreciation in median house prices in 2021.
|
Neighbourhood |
Municipality |
2020 |
2021 |
% Change |
|
Milton |
$1,462,500 |
$2,430,500 |
66% |
|
|
Aurora |
$1,520,000 |
$2,510,000 |
65% |
|
|
Milton |
$1,357,287 |
$2,099,500 |
55% |
|
|
Toronto |
$1,570,000 |
$2,394,400 |
53% |
|
|
Pickering |
$905,000 |
$1,366,000 |
51% |
|
|
Pickering |
$808,000 |
$1,207,000 |
49% |
|
|
Markham |
$795,000 |
$1,180,000 |
48% |
|
|
Milton |
$717,500 |
$1,052,500 |
47% |
|
|
Richmond Hill |
$1,229,000 |
$1,795,000 |
46% |
|
|
Newmarket |
$933,000 |
$1,331,944 |
43% |
Read our full monthly Move Smartly market report for January 2022 here
John Pasalis is President of Realosophy Realty, a Toronto real estate brokerage which uses data analysis to advise residential real estate buyers, sellers and investors.
A specialist in real estate data analysis, John’s research focuses on unlocking micro trends in the Greater Toronto Area real estate market. His research has been utilized by the Bank of Canada, the Canadian Mortgage and Housing Corporation (CMHC) and the International Monetary Fund (IMF).
Follow John on Twitter @johnpasalis
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