popular topic of discussion<\/a> during the height of the pandemic as city residents moved away from the downtown core and into outer-city or suburban neighbourhoods.<\/p>\nBetween working from home and living through multiple lockdowns, areas outside of the downtown region saw booming activity as home buyers went in search of more space for fewer dollars, Properly noted in its report.<\/p>\n
Since early 2020, Midtown and York have reported some of the highest increases to home values, where prices have grown 36 per cent and 28 per cent over Properly\u2019s two-year time frame. In a three-way tie, Scarborough, North York, and Toronto\u2019s West End tied for third place at 24 per cent each. Out of the 10 Toronto districts, home values in the East End grew the least at 18 per cent.<\/p>\n
Detached home values soar 31 per cent over two years<\/h3>\n
With personal space and privacy in high demand during the COVID-era, Toronto\u2019s detached homes have recorded significant increases to their value over the past two years.<\/p>\n
Properly\u2019s data shows that detached homes increased in value by 31 per cent since the start of the pandemic. Toronto townhomes and row houses followed closely behind with 28 per and 26 per cent growth in value. Specifically in Midtown, townhouses rose 62 per cent in value, more than any other home type in any other GTA neighbourhood.<\/p>\n
\u201cTownhouses provide a really functional solution for buyers that want to get out of high-rise condo living and get into a space that in some cases has a small yard and a community that can be very welcoming, especially with young families,\u201d said Sammy Kohn, a Properly real estate agent, in the report.<\/p>\n
The value of condos and semi-detached properties jumped 25 per cent and 23 per cent over the same two-year time frame.<\/p>\n
![\"Toronto](\"https:\/\/www.livabl.com\/articles\/wp-content\/uploads\/2022\/03\/toronto-values-properly.jpg\")
<\/a>Photo:\u00a0Spiroview Inc.<\/a> \/ Adobe Stock<\/a><\/em><\/p>\n