A quick look at luxury housing
Luxury homes are often described as large properties on massive lots that feature the utmost in style, design, finishes and extras. From immaculately landscaped grounds and countless bedrooms, to 5 car garages and even indoor swimming pools, homes of this classification are rarely offered and highly coveted.
The one thing all luxury homes have in common is that they sit in the most sought-after locations in the country. According to a recent article published in the Globe and Mail, “The unequivocal and top-ranked feature of a luxury property in every key market surveyed was deemed as being location”. That can include being close to downtown, near the best schools or having a fabulous view.
In addition to location, other features of a luxury home can greatly affect value, including amenities, views, waterfronts, customizations of the home and the presence of surrounding homes can also have a big impact. Square footage alone does not always give a home the ‘luxury’ label, and shoe-box sized condo units along with sprawling mansions can all comprise this niche market.
If you’d like to learn more about luxury homes that are available in the GTA, please feel free to give me a call. I am currently marketing a property in the desirable Rosedale/ Moore Park area of Toronto that is within minutes from all of the city’s action, excellent schools, and more. The lavish, spacious and incredibly functional home at 137 Crescent Road has received enormous attention since it hit the market a few short weeks ago, with no signs of letting up. If you’d like to personally view this stunning residence, let me know. I’d be happy to provide you with a personal tour and answer any questions you may have.
Owning a luxury home is something that many of us dream about, but only a select few of us ever achieve. Thankfully, with interest rates at all time lows and changes to this niche market over the past few years, luxury properties are now much more attainable than you may think. Now may be the best time for you to purchase your dream home. Let me know how I could help!
RE/MAX West Realty Inc., Brokerage
Independently owned and operated
Office: (416) 588-6777
Direct: (416) 710-4383
May 3, 2013: “It has been almost a year since the federal government enacted stricter mortgage lending guidelines. It is realistic to surmise that some households, who originally put their decision to purchase on hold, are once again looking to buy,” said Toronto Real Estate Board Ms. Hannah. The average selling price for April 2013 transactions was $526,335 – up by two per cent in comparison to April 2012. The MLS® HPI Composite Benchmark Price was up by 2.9 per cent. To read more, click here.