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Toronto Homes for Sale - Toronto Resale Homes

Toronto resale homes: Both Toronto new homes and Toronto resale homes have advantages and disadvantages, but as a rule of thumb, resale homes usually cost a little less than new homes in the same area prices ranging from low $190s and up. Many try buying Toronto resale homes with a view. Homes with a pleasant view of the horizon often sell at a premium above similar homes without the view. Terms like oceanfront, beach front, waterfront are used in real estate to express these premium locations. However, if a view is important to you, buy it mostly for your own pleasure and not as an investment. Though you may place a considerable dollar value on the view, future buyers may not be so like-minded. It may take you longer to find a buyer when it comes time to resell the house. Or you may end up dropping your price to more nearly match other sales prices in the Toronto neighborhood. In short, if you are buying a house in Toronto with a view, try to pay as little extra as possible. Otherwise, you might not get your money back on your investment. Sale price for Toronto and the 13 County Metro areas in 2003 was $199,900 and the difference from 2002 was 8%.

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