Richview Neighbourhood: Toronto Real Estate Update 2016

February 9, 2016

 

 

Looking for a neighbourhood where the sky is the limit

and your child could grow up to be the Prime Minister of Canada?  

Look no further than Toronto's Richview neighbourhood, the childhood home of former Canadian Prime Minister, Stephen Harper.

Re/Max Professionals Inc, Brokerage, Sales Representatives Nancy Pierce and Dave Duncan are Richview neighbourhood experts and they think the sky is the limit for Richview real estate. "Richview has not received the same hype as some of the other Toronto neighbourhoods, but it certainly deserves accolades as a tremendous neighbourhood to raise a family," say Pierce and Duncan.

There have been just sixteen Richview homes sold thus far in 2016. This is strictly due to a lack of inventory, albeit still early in the year with the spring market yet to come. Having said that there are early indicators that Richview real estate is going to continue trending upwards this year. Pierce and Duncan confirm that the very low listing inventory in Richview is also contributing to many homes selling in multiple offers - trend we are now seeing cit-wide. The average list to sale price this year in Richview is 102% with houses selling on average in just 23 days."The Buyers are coming from everywhere. Across the Greater Toronto Area and from around the world" say Pierce and Duncan, who are regularly fielding real estate inquiries about their neighbourhood.

The average home sale price this year in Richview is $692,000. The entry level prices start in the low to high $500,000's for semi-detached homes. Bungalows on nice size lots are selling in the $600,000-$700,000 range while detached 2-storey homes are selling mostly in the $800,000-$900,000 range. Pierce and Duncan confirm that "there is a great variety of homes in Richview in many different price ranges."

Pierce and Duncan explain that the Richview appeal for homebuyers is largely family based. "We have great schools in Richview and fabulous parks and greenspace.  Richview is also convenient to two of our major shopping malls (Sherway Gardens and Yorkdale) and we are well served by public transit. It is convenient to the highways providing easy access to the Toronto Pearson International Airport and downtown Toronto. "Richview is just a very safe, pretty, and convenient place to live and raise a family". And if you are lucky, one day your child may even grow up to be Prime Minister of Canada!

Richview neighbourhood Toronto real estate update provided by Nancy Pierce and Dave Duncan, Sales Representatives, Remax Professionals Inc., Brokerage. Nancy can be contacted at (C) 416-985-1486, and you can reach Dave at 416-894-4079 or contact them at their office (O) 416-236-1241. Also be sure to visit their personal website: www.pierceduncan.com
Nancy and Dave are also real estate sponsors for the Thorncrest Village neighbourhood.

** The information provided herein is compiled from source data obtained from the Toronto Real Estate Board. It is presented here for information purpose only. All data are subject to updates and revisions. The publisher assumes no responsibility for the accuracy of any information shown.