Posted by: torontocondo | February 7, 2013

Toronto Resale Home Prices Continue To Rise Despite Sales Decline

Toronto Resale Home Prices Rise In January

The Toronto Real Estate Board reported January sales figures and the average resale prices for Toronto Homes and Condos.

The average resale Toronto Home price (GTA) was $482,648, and increase of 4.3 per cent from January 2012.

Although Toronto Home sales were down, home types in the surrounding GTA regions surrounding Toronto increased in sales.

Vancouver Home sales reported resales of 1,351 in January, the second lowest for the month since 2001.

This was 18.7 per cent below the 10 year average. According to the Vancouver Real Estate Board the Vancouver Real Estate Market will see some reduction of Home and Condo prices.

Toronto Realtors report the average price growth for Toronto Homes will be in the 3-5 per cent range in 2013 with enough competition to promote continued growth in the Toronto Real Estate Market.

Iris Li is a Remax Condos Toronto Realtor specializing in Toronto Downtown Condos and Homes.

Contact Iris Li to find what is now on the Toronto Condominium Market.


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