The Toronto Real Estate market posted stronger Home sales in the month of July, up 10 per cent year-over-year to 9,198 sales, the second best July results on record.
The Toronto Real Estate Board reported the second half of 2014 is starting off strong with demand for all types of Toronto Homes that are still affordable to many.
The average selling price for all types of Toronto Homes is $550,700, an increase of 7.5 per cent from July 2013.
Toronto Detached Homes were up by 11 per cent to an average price of $880,433 in the City of Toronto.
Toronto Condos that were well supplied gained 4.7 per cent climbing to an average price of $372,002.
The Toronto Real Estate Board is expecting “strong demand for ownership Housing” and strong average price increases for the remainder of 2014
Toronto Detached Homes and Toronto Townhouses showed the strongest rate of average price growth in July.
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