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Jan 29 2010

Real estate in Toronto is hot. According to Re/Max it isn’t a bubble though. “There is simply no evidence of a housing bubble,” says Michael Polzler, Excecutive Vice President, RE/MAX Ontario-Atlantic Canada.

According to a RE/MAX report released on Thursday the following are the top 10 districts for appreciating home values:

1. South Pickering – Avg Price ’08 $327,838 – Avg Price ’09 $358,493 – Up 9.4%

2 Malvern, Hillside, Rouge – Avg Price ’08 $343, 154 – Avg Price ’09 368,095 – Up 7.3%

3. North Pickering – Avg Price ’08 $370,458 – Avg Price ’09 $396,973 – Up 7.2%

4. Port Credit – Avg Price ’08 $574,160 – Avg Price ’09 $614,144 – Up 7.0%

5. Riverdale, Leslieville – Avg Price ’08 $489,244 – Avg Price ’09 – $522,017 – Up 6.7%

6. Ballantrae, Cedar Valley – Avg Price ’08 $622,568 – Avg Price ’09 $662,268 – Up 6.4%

7. Richmond Hill – North End – Avg Price ’08 $540,432 – Avg Price ’09 $574,642 – Up 6.3%

8. Applewood, Rathwood – Avg Price ’08 $476,885 – Avg Price ’09 – $505,994 – Up 6.1%

9. Markham – Avg Price ’08 $484,516 – Avg Price ’09 $510,268 – Up 5.3%

10. Bathurst Manor, Armour Heights – Avg Price ’08 $567,915 – Avg Price ’09 $597,025 – Up 5.1%

Read the full release by RE/MAX at newswire.ca here…

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