TEK Condos. How crazy is the property market?

TEK Condos. How crazy is the property market? We all know that the Toronto real estate market is very hot, but it is surprising that it is so hot.Please Visit: TEK Condos to Get Your VVIP Registration Today!

The bedroom-less house in Toronto sold for more than $1 million.

The detached house, listed at 314 Ryding Ave., for $79999000, went on sale on Monday for C $1004000 after just three days on the market.

Unexpectedly, it is really terrible that such “mediocre” real estate can still be sold for as high as $200000.

The detached house has just been renovated and is designed according to the “open living concept open-concept living”, so it does not have a separate bedroom.

In other words, there is no partition wall in the whole room except the bathroom. Look to the end at a glance.

You can see that there are no walls separating the room between the living room, the dining table and the kitchen.

And the house is not very large, with only 632 square feet (59 square meters), so privacy and space must be considered if there is more than one new owner.

The whole house is hardwood flooring, there are exposed beams, the space is very open, completely unsheltered.

The kitchen looks beautiful and stylish, with pure white quartz counters and brand-new kitchen utensils.

In the Vancouver housing market, the composite benchmark price of the MLS housing price index for all residential properties in Dawen District was 1,123,300 yuan, an increase of 9.4% over the same period last year and 3.6% over February 2021. Among them, the base price of independent houses was 17.9%, up 17.9% from the same period last year, and sales increased by 130.6%. The benchmark price of even townhouses was 872,200 yuan, an increase of 10.4% over the same period last year, and sales increased by 112.2%. The benchmark price of the apartment was 715,800 yuan, up 3.7% from the same period last year, and sales rose 128.8%.

In fact, the Canadian mortgage and housing company (CMHC) said in a report released at the end of March that 76 per cent of homes listed for sale nationwide in the three months to December were sold at the same time. The indicator shows that there is an overheated housing market nationwide.

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