Why Realtors are flocking to Toronto’s luxury residential real estate market
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Toronto has become one of the most dynamic luxury real estate markets in the world. With tens of thousands of people moving to the GTA each year, Toronto is consistently ranked by numerous sources as one of the top ten best cities in the world to live. It is also a huge financial centre and has been at the forefront of the surge in condominium development, with no end in sight. The thriving market is testament to the strength and viability of the city’s real estate economy for the long-term.
A 30% rise in residential housing has put Toronto on the front page of newspapers for the past year. Ontario’s new Fair Housing regulations have currently slowed down this unsustainable rise in prices. Despite this cool down period, analysts and forecasters are confident that Toronto’s luxury market is as vibrant as always.
“Toronto offers a cultural and financial centre and an energetic commercial and residential market”, explains David Fingold Forest Hill Real Estate’s President and CEO.
“New immigrants, students and professionals flock to Toronto’s luxury condominiums, homes and new builds. Our market is one that ranks with New York, Boston, London and Paris,” Fingold says. “All of these factors make the luxury market a desirable one for new and seasoned Realtors. Realtors are attracted to the excitement, high property prices and beautiful condominiums and homes which give Toronto its unique luxury cache.”
To create a successful business within the luxury space, Ronni Fingold, the company founder, advises Realtors to work hard, admit when they don’t know something and seek expertise from affiliated experts at every turn. When combined with market knowledge and the right attitude, these elements will serve any Realtor well.
“We always tell our Forest Hill Real Estate team to treat selling real estate as a career, not a hobby and they will excel at it,” Ronni says. “The luxury residential market is quite simply on fire. With nearly 46,000 registered realtors in the GTA, Realtors need to exude reliability, professionalism, market expertise and exemplary service to become distinctive and successful.”
“There is nothing “regular” about our residential market and we predict that it will stay that way for many years.”
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