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The best appreciating condos in North York, Toronto

Despite the introduction of the Ontario Fair Housing Plan and the resultant sales activity declines across all home types in Toronto and the surrounding areas, the city’s condos continue to magnetize demand – which has led to record price growth levels.

The latest study by Canadian real estate portal Zoocasa analyzed the performance of Toronto’s condominium segment, which has seen values increase by 10.7% year-over-year in February 2018 (up to $570,275).

“Expect stronger price growth to continue in the comparatively more affordable townhouse and condominium apartment segments,” Toronto Real Estate Board director of market analysis Jason Mercer said, noting that upward pressure on high-rise homes is just getting started. “Listings supply will likely remain below average in many neighbourhoods in the GTA which, over the long-term, could further hamper affordability.”

In particular, the city’s North York section has seen units increase in price anywhere between 38% and 69% over the last year. The Zoocasa study looked at over 140 buildings in the former borough, and ranked the buildings which experienced the largest price growth between 2016 and 2017.

Rank 10: Meridian in 15 Greenview Ave.
2016 – 2017 change: 38%
2017 price/sq. ft.: $776
Rank 9: Maple Creek Condominiums in 10 Martha Eaton Way
2016 – 2017 change: 39%
2017 price/sq. ft.: $244
Rank 8: Pulse I in 5500 Yonge St.
2016 – 2017 change: 40%
2017 price/sq. ft.: $725
Rank 7: Pulse II in 5508 Yonge St.
2016 – 2017 change: 41%
2017 price/sq. ft.: $733
Rank 6: Cosmo Residences in 35 Bales Ave.
2016 – 2017 change: 42%
2017 price/sq. ft.: $741
Rank 5: Meridian II in 25 Greenview Ave.
2016 – 2017 change: 42%
2017 price/sq. ft.: $763
Rank 4: Spectrum Condos in 28 Harrison Garden Blvd.
2016 – 2017 change: 42%
2017 price/sq. ft.: $639
Rank 3: The Broadway in 153 Beecroft Rd.
2016 – 2017 change: 46%
2017 price/sq. ft.: $701
Rank 2: Royal Arms in 5418 Yonge St.
2016 – 2017 change: 48%
2017 price/sq. ft.: $614
Rank 1: High Point Condos in 3300 Don Mills Rd.
2016 – 2017 change: 69%
2017 price/sq. ft.: $413
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How Do I Find The Right Home Buyers Insurance?

This question comes up frequently when purchasers are buying a new or resale home. In real estate Homeowner Insurance is necessary when purchasing a home in Canada.

Buying a home is the largest investment that people generally purchase in their lives, so it is important to learn how to protect your investment through Home Insurance.

Discussing various forms of Home Insurance such as Basic or Non Perils Insurance, Comprehensive Insurance or A Broad Insurance Policy can often seem overwhelming when researching it on your own , so it is often best to use a Mortgage Insurance Agent or Broker.

Mortgage Lenders typically insist on fire insurance coverage that is equal to the loan amount or building value, whichever is less. It is important to explore a policy that has fire insurance on the building and its contents with personal liability coverage.

Many forms of coverage can be relatively inexpensive and offer protection, for example Mortgage Life Insurance. Mortgage Insurance protects your family and beneficiaries. Other forms like Disability Insurance and Job Loss Mortgage Insurance which covers payments where required in the event of the loss of a job.

At Century 21 Heritage Group Ltd. we offer an in house Mortgage Lending Department called CENTUM Mortgage Professionals Corps. that is legally and professionally qualified to give you advice on home insurance. Our Mortgage Insurance Agents or Brokers are happy to assist you with your Homeowner Insurance questions.

Be sure that when you sit down with your Mortgage Agent or Broker you discuss what Home Insurance is right for you and your family. It is also very important to determine what the different forms of insurance cover and don’t cover in terms of protection towards your home or assets. Your Agent or Broker will help you to understand every aspect of your policy and help to guide you towards products that will best suit your needs and the needs of your family for Home Insurance and appropriate protection.