When the pandemic hit and working from home went from being an occasional treat to an everyday occurrence, tons of people up and left Toronto — and headed for the suburbs in search of more space. The result? Booming real estate markets in the outskirts of the city.
Now, more than two years later, it’s become clear that work from home culture isn’t going anywhere. And that means those hot markets are just getting hotter as even more people set their sights on the suburbs.
Home prices in the 905 have seen a massive spike
Last month, homes in the GTA’s 905 area code sold for a whopping $1,402,948 on average. That’s a price increase of 31% since February 2021 (there was a 22% increase in Toronto proper in the same period, by comparison).
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If you already live in the suburbs, your home value has probably increased a lot throughout the pandemic. To see just how much more it’s worth today, check out a free and accurate home value calculator like Properly’s Instant Estimate (or if you’re just curious, type in any GTA address to see what it’s valued at!).
Here are 5 Sweet Suburban Homes That may Drive you out of the City
This Palatial Property in Vaughan
Whoever ends up landing this lavish house in Vaughan will be living in the lap of luxury. The elegantly decorated detached home comes complete with an enormous primary bedroom featuring a sizable walk-in closet and ensuite bathroom, multiple living spaces, and a sub-zero fridge in the granite-countered kitchen. All your family and friends will fit and feel at home here.
This *Huge* House in Hamilton
Compared to a typical Toronto home, this custom-built bungalow in Hamilton may as well be a mansion. And it’s not just the house that’s huge. There’s also the land that comes with it — 10 acres of rolling hills. It’s the perfect place for anyone who loves spending time outdoors because you get that secluded, in-the-woods vibe, but you’re also just a 20-minute drive to the city’s vibrant downtown core.
This Adorable Blue House in Brooklin
Talk about a picturesque property! The pastel blue Brooklin home is definitely the most adorable house on this list, but don’t let its cute exterior fool you — it’s also epic on the inside. Walk past the entryway into the living room and be amazed by the vaulted ceilings and towering windows that leave the space bright and open. And that’s not all…it also includes a spectacularly landscaped backyard made for entertaining.
This Sunny Stunner in Markham
There’s no shortage of natural light in this gorgeous 4.5-bed Markham home. Designed to comfortably fit a large family, the house features an extra-long driveway, a massive and beautifully maintained backyard, a spa-like bathroom complete with a clawfoot tub, and a newly finished basement. Plus, it’s just a short walk away from top schools, parks, and shops.
This Colossal Home in King City
The kind of home you never want to leave, this king-sized detached house in King City includes just about everything you’d ever need from your living space — from the top-of-the-line Wolf Gourmet stove to the games room (which has both a poker and pool table). There’s more than enough room to work and play without ever feeling cramped in the 3,600 sqft space.