With over 4 million residents, on over 7125 km2 of Greater Toronto Area real estate, there is always a diverse collection of Toronto homes for sale.
Luxury Toronto real estate, in the Bridle Path neighborhood, include listings priced for as much as $15 million. While on Toronto Island, set on publicly owned lots, home for sale go for around $200,000. The average price for a Toronto real estate transaction in October 2009 was $423,559, according to figures published in November 2009 by the Toronto Real Estate Board.
This average price does not paint a complete picture of the range of Toronto real estate listings that exist on the market. Toronto real estate values vary greatly depending on a number of factors. With one of the world's most used transit systems, a listings' proximity to a Toronto Transit Commission (TTC) station will greatly impact the value of a Toronto home for sale. From thousands of new condos for sale in the downtown core to the East End's Victorian-era listings, the city offers a broad range of real estate choices.
Within the Toronto real estate market, listing transactions are taxed through both a provincial land transfer tax and a second Municipal land transfer tax.
To find out more about Toronto real estate taxation please refer to the Ontario fact sheet: http://www.rev.gov.on.ca/en/tax/ltt/ and the City of Toronto's information guide: http://www.toronto.ca/taxes/mltt.htm
Also be sure to consult your Realtor. Zoocasa is excited to get you going with your search for a perfect Toronto real estate listing. Our interactive map, neighbourhood walk-scores and the ability to see important points of interest (ie. Transit Stations) while you search, make sifting through the Toronto real estate market a breeze
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