Paul Johnston is interviewed about Toronto’s housing market, and specific commentary on houses for sale in Rosedale.
Demand for homes in downtown Toronto has never been higher, with neighborhoods like Rosedale, Forest Hill, Trinity-Bellwoods, West Queen West and Yorkville having grown exceedingly popular, said Paul Johnston, a real estate agent with Right at Home Realty in Toronto.
“I really do believe that Torontonians really walk the walk in a lot of that talk about walkability and pedestrian access to area amenities,” he said. “This is a pretty high priority for buyers.”
Mr. Johnston said that an attractive feature of many Toronto neighborhoods, but particularly Rosedale, is the diversity of housing there. In Rosedale, estates valued at 12 million Canadian dollars, or about $10.6 million, may be close to condominiums for a few hundred thousand, he said.
“While it is absolutely a higher-end neighborhood, one of the top two or three neighborhoods in Toronto, it’s a mixture of both astronomically expensive single-family homes, as well as much more modest, older apartment buildings, co-ops and some condominiums,” he said.
The entry point for single-family homes in Rosedale is roughly 1.5 million Canadian dollars, or about $1.32 million, but on the low end, there are also two-bedroom condos for 350,000 to 400,000 Canadian dollars, or about $308,000 to $352,000, Mr. Johnston said.