Toronto Home sales and average Toronto Home prices increased 11.9% according to a recent report from the Toronto Real Estate Board.
The number of new active Toronto MLS listings were still down, resulting in Toronto Home buyers competing for fewer Homes.
Many Toronto Home buyers are taking advantage of the lower interest rates that are now being offered and lowered by most of the major Canadian banks.
More pressing is the steady increase in the average resale price of Toronto Homes and Home buyers are now deciding to buy now than wait any longer for that so-called bubble.
Employment growth and a record increase in population has also fueled a strong demand for Toronto Homes and Toronto Condos.
Toronto Home And Condo Average Price Mid July 2015:
Toronto Detached Homes average price $999,518 up 15.7%
Toronto Semi-Detached Homes average price $679,339 up 9.8%
Toronto Townhouse average price $550,959 up 10.2%
Toronto Condos average price $396,207 up 1.1%
Where in Toronto do you want to live?
- Toronto Entertainment District Condos For Sale/Rent
- Yonge Bloor Condos For Sale/Rent
- Bay Bloor Condos Sale/Rent
Many of these desirable Toronto Condominiums are close to Rapid Transit and many of them offer work and play in the very same neighbourhood.
Each one of the above Toronto Condominium Districts are more than enough to attract both Condo buyers and Condo renters.
Take a look and be sure to call me to arrange showings for any of these Toronto Condos that may just interest you!
Iris Li is a ReMax Condos Toronto Realtor specializing in Toronto Downtown Condos, Condominiums, Town homes and Lofts.
Call today for a scheduled showing for any of these Toronto Condo properties or Toronto Single-Detached Homes!