Toronto Condos have seen a surge in buying activity this Spring as first-time buyers show their strength as sales jump 15.4 per cent.
The average price for a Toronto detached Home was $865,635, up by 8.8 per cent on a year-over basis and the average Toronto Condo price was $396,078 during the same time, mid-July.
That huge price difference is making many Home buyers consider Condos in Toronto as an alternative life-style.
Even the average price for a Toronto Townhouse was $498,907, up 12.3 per cent. That is almost $100,000 more than the average Toronto Condo!
Toronto semi-detached Homes and Toronto Townhouses showed the strongest rate of average price growth mid-July.
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