South-end Scarborough single-family homes selling well

A study produced by Re/Max Hallmark Realty says that homes along and near Scarborough’s pleasant Lake Ontario waterfront have become hot sellers. The study found that as the average sale price of an existing detached home in Toronto crosses $1-million, the biggest profits are being made in houses selling for less than a million. It said that neighborhoods in southern Scarborough are gaining the most. Birchcliffe/Cliffside led the city with a 25.4 per cent increase, with the average home in the area climbing $724,187 as of the end of June, compared to $577,567 from one year ago. “The Scarborough community — nestled between the popular Beach area and the Scarborough Bluffs — has experienced a serious upswing in demand due to affordability and close proximity to Toronto’s downtown core,” said Re/Max in a release.