When shopping for a house in Toronto, remember that it is better to buy a modest house in an expensive neighbourhood than an expensive house in a modest neighbourhood. The former scenario is known as progression: the higher value of the surrounding houses holds up/advances the value of the modest house. The latter scenario has the surrounding properties weighing down the value of the significantly more valuable property.

Neighbourhoods such as North Toronto, Davisville Village, Rosedale, Lawrence Park and Forest Hill are all good choices to experience the law of progression.  An astute buyer will make the initial investment and realize handsome gains down the road.

 This principle also applies to renovating the house you may already own. To find out more about this market dynamic I invite you to call me at the number below. Your call is welcome at any time and will be held in confidence.

 Best wishes,

 Peter

 (416) 925-9191

www.PeterRussellRealEstate.com