![](\"http:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/toronto-luxury-property-chinese-buyers-1024x768.jpg?fit=1024%2C768\")
\nWhere an\u00a0average detached home now costs more than CAD1 million<\/p>\n
\nWhere an\u00a0average detached home now costs more than CAD1 million<\/p>\n
Toronto\u2019s real estate market has never been as strong as it had been for most of 2015, with impressive price increases and sales volume across the board, according to a report from\u00a0The Globe and Mail.\u00a0Whether small condos in the heart of the city or particularly large detached homes in the suburbs, there seems to be no stopping Toronto property.
Where an\u00a0average detached home now costs more than CAD1 million Toronto\u2019s real estate market has...<\/p>\n","protected":false},"author":1,"featured_media":954,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-953","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-property-news"],"jetpack_featured_media_url":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2016\/01\/toronto-luxury-property-chinese-buyers-1024x768.jpg?fit=1024%2C768&ssl=1","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-fn","jetpack-related-posts":[{"id":61278,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/qingjian-realty-to-launch-first-mixed-use-development\/","url_meta":{"origin":953,"position":0},"title":"Qingjian Realty to launch first mixed-use development","date":"July 20, 2017","format":false,"excerpt":"\r Its first mixed-use development, Qingjian\u2019s Le Quest\u00a0will house a smart food court run by Koufu Pte Ltd and an NTUC Fairprice Finest. (Image: Qingjian Realty) Le Quest, Qingjian Realty\u2019s first mixed-use development in Bukit Batok, will be opened for preview this weekend (22 July). Set to be completed in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":122448,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/lee-hsien-yangs-caldecott-hill-bungalow-on-sale-for-16-8mil\/","url_meta":{"origin":953,"position":1},"title":"Lee Hsien Yang\u2019s Caldecott Hill bungalow on sale for $16.8mil","date":"October 8, 2021","format":false,"excerpt":"\r The 9,888 sq ft two-storey detached house\u00a0is located in the Caldecott Hill GCB area. Lee Hsien Yang, the Prime Minister\u2019s younger brother, is selling his two-storey bungalow in Caldecott Hill for $16.8 million, reported Bloomberg. The freehold property, which was listed on PropertyGuru, was described as a \u201cresort-style modern\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/10\/lee-hsien-yang-bungalow.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":24991,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/sales-average-detatched-home-price-slump-in-metro-vancouver\/","url_meta":{"origin":953,"position":2},"title":"Sales, average detatched-home price slump in Metro Vancouver","date":"September 3, 2016","format":false,"excerpt":"\r Average detached home prices in Metro Vancouver fell dramatically in August in the largest monthly price drop in the region\u2019s recent history, according to numbers released by the Real Estate Board of Greater Vancouver (REBGV).\r \r Source : South China Morning Post\r Read more...Sales, average detatched-home price slump in\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":151194,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/dubai-real-estate-sales-hit-38-7bn-in-q1-biggest-neighbourhood-price-increases-and-best-roi-revealed\/","url_meta":{"origin":953,"position":3},"title":"Dubai real estate sales hit $38.7bn in Q1; biggest neighbourhood price increases and best ROI revealed","date":"April 15, 2025","format":false,"excerpt":"\r Dubai real estate boom continues with one neighbourhood recording 21 per cent price increase and 11 per cent ROI achieved\r \r Source : arabianbusiness.com\r Read more...Dubai real estate sales hit .7bn in Q1; biggest neighbourhood price increases and best ROI revealed","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i2.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2025\/04\/Dubai-real-estate-1000x667-4.jpg?fit=1000%2C667&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":119973,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/semi-detached-house-attracted-33-bids-sold-for-3-89mil\/","url_meta":{"origin":953,"position":4},"title":"Semi-detached house attracted 33 bids, sold for $3.89mil","date":"January 22, 2021","format":false,"excerpt":"\r Semi-detached house attracted 33 bids, sold for $3.89mil33 bids for a property is \u2018abnormal\u2019, says\u00a0Joy Tan, Head of Auction and Sale at Edmund Tie.\u00a0The highest number\u00a0of bids recorded at last year\u2019s property auctions was over 20.\u00a0Image: Google Street View A five-bedroom, semi-detached house within the Siglap area in District\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2021\/01\/aida-street-semi-detatched-.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":120384,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/demand-for-detached-houses-rose-in-covid-lockdown-says-halifax\/","url_meta":{"origin":953,"position":5},"title":"Demand for detached houses rose in Covid lockdown, says Halifax","date":"February 15, 2021","format":false,"excerpt":"\r Prices of detached properties increased three times faster than those of flats, according to mortgage lenderCoronavirus \u2013 latest updatesSee all our coronavirus coverageDemand for detached houses in the UK has boomed during the coronavirus pandemic, driving up prices three times faster than for flats as working from home boosted\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/953"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=953"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/953\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media\/954"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=953"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=953"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nOne neighbourhood that particularly stood out for its yearly price growth was Banbury, which experienced a 24 percent jump to a whopping average price of CAD2.27 million (USD1.69 million), according to data compiled by Realosophy Realty Inc.
\nThe luxury market in particular grew exponentially, with Sotheby\u2019s International Realty Canada recently reporting sales above CAD4 million (USD3 million) soared by 72 percent in Toronto during H1 2015, in comparison with a year earlier. Data for the H2 2015 has yet to be released.
\nMore: This Canadian city is the world\u2019s hottest luxury home market\u00a0
\nCBC News\u00a0also commented that the average cost of a detached home was now well in excess of CAD1 million (USD750,000), breaching the previous luxury home threshold.
\nSotheby\u2019s attributes the strong performance to increased demand from international investors, limited inventory, historically low interest rates and heightened consumer confidence. The firm expects these factors to continue to fuel sales growth in the future, according to\u00a0Money Sense.\u00a0
\nMuch focus is being put on the Chinese when it comes to international investors, with Canada now the third most popular country for Chinese property investment \u2013 after the United States and Australia. Developers are no longer waiting for these overseas investors to come to them and are instead making the first move by travelling to China and marketing their projects to the wealthy and interested.
\nMore: Are Chinese buyers being forced out of Canada\u2019s\u00a0market?
\nChinese buyers reportedly often like to buy property during the pre-selling stage, so developers will be closer to meeting their financing goals if they\u2019re able to recruit Chinese buyers to the project.
\nBut it\u2019s not just Chinese investors who are interested in Toronto\u2019s sizzling property market, per\u00a0The Globe and Mail.\u00a0Families who value the economic and political stability in\u00a0Canada, as well as the general lifestyle amenities offered by Toronto, such as education, are snapping up property in the city.
\n\u00a0
\nImage is by paul\u00a0bica and is used under a Creative Commons licence
\n
\nSource : property-report.com
\nRead more…This Toronto neighbourhood has become a magnet for Chinese buyers<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"