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Old Posted Feb 25, 2017, 8:59 PM
Docere Docere is online now
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Why is North York so expensive?

Average detached house in North York is about $2 million nowadays. Willowdale/Don Mills seem to be be just as expensive as North Toronto/Leaside.

It seems the answer is location, traditionally prestigious areas around Bayview and immigrant Chinese/Persian wealth.
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  #2  
Old Posted Feb 27, 2017, 2:50 AM
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GeneralLeeTPHLS GeneralLeeTPHLS is offline
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Quote:
Originally Posted by Docere View Post
Average detached house in North York is about $2 million nowadays. Willowdale/Don Mills seem to be be just as expensive as North Toronto/Leaside.

It seems the answer is location, traditionally prestigious areas around Bayview and immigrant Chinese/Persian wealth.
Yea, it's not getting cheap anywhere. I'm not surprised, some housing (SFH) is now being torn down every year for new projects, so diminishing supply and increasing demand is doing no favours for the price tag anywhere. I do know a cheaper area however, although I'm not sure if it's a great amazing place to live. Over at Wilson and Keele, there's more affordable SFH but the area isn't amazingly convenient.
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  #3  
Old Posted Feb 27, 2017, 3:07 AM
Docere Docere is online now
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Yeah, there's really two "North Yorks": east and west of the Allen Rd./Dufferin.

The western third is more working class and less expensive.
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Old Posted May 19, 2017, 3:18 PM
Finessing Finessing is offline
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Quote:
Originally Posted by Docere View Post
Average detached house in North York is about $2 million nowadays. Willowdale/Don Mills seem to be be just as expensive as North Toronto/Leaside.

It seems the answer is location, traditionally prestigious areas around Bayview and immigrant Chinese/Persian wealth.
This.
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  #5  
Old Posted May 19, 2017, 9:30 PM
Wolf13 Wolf13 is offline
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Wealth, prestige, not distant from downtown, and nobody's building homes.

With more immigrants, many wealthy, the demand and willingness to spend is increasing and supply is not.
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  #6  
Old Posted Jun 3, 2017, 1:35 AM
Docere Docere is online now
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Willowdale, Don Mills and Ledbury Park are adjacent to traditionally wealthy areas.
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  #7  
Old Posted Jun 8, 2017, 10:42 PM
Wolf13 Wolf13 is offline
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Originally Posted by Docere View Post
Willowdale, Don Mills and Ledbury Park are adjacent to traditionally wealthy areas.
But North York IS a wealthy neighbourhood.
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