Millennials are benefiting from a confluence of factors, like low rates and minimal competition in the starter home segment, that have made homeownership less prohibitive.
Torrance Home Price
Torrance was Canada’s 15th most expensive suburb by listed median house price this month.
In Aug the median listed house price of $1,575,000 in Torrance was an impressive compared to the rest of Ontario.
When it comes to the size of the properties currently available to property investors in this neighbourhood, they tend to have fewer bedrooms than the most commonly available across the nation.
If you’re looking for a large choice of properties on sale when you’re adding to your real estate investment portfolio, then Torrance has a pretty average amount compared to the rest of the province
As one of Ontario’s many potential real estate investment neighbourhoods, Torrance needs to be carefully researched before investing in – and remember to check especially the locations within an area before spending - the old estate agent’s mantra of location, location, location has never lost its importance.
Stock on the market can be an important leading indicator of whether market pressure will be on prices to rise or fall – in Torrance there is more stock than three months ago. This would indicate pressure on prices easing.
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