Toronto MLS sales totaled 4,260 Mid-March, resulting in a positive start to the Spring market, according to the Toronto Real Estate Board.
The average resale Toronto Home Price was $527,397 an increase year over year by 4.3 per cent.
Strong growth in Toronto Condos this Spring, has contributed to an average price forecast above 3.5 per cent for all home types including Toronto Condos in 2013.
Here is a brief summary of Toronto Home and Condo sales(416 area):
- Toronto Detached Home average price-$847,793 up 5.0%
- Toronto Semi-Detached home price-$599,147 up 4.2%
- Toronto Townhouse average price-$405,690 down -4.5%
- Toronto Condos average price-$386,602 up 5.9%
The average price for a Toronto Home in the 416 area was $578,327, up 4.6 per cent from the same period last year.
Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale Toronto Downtown Condominiums.