Toronto Home sales dropped again mid-May but the average Toronto Home price increased by 5.4 per cent to $543,838.

Toronto Downtown Condos held their own with an average price of $377,341, up 2.1 per cent in the 416 area.

The biggest gain in average price was Semi-Detached Toronto Homes, up 5.5 per cent to $630,984.

Summary of Toronto MLS Sales and Average Price – May 1 – 14
			2013						2012
	Sales		Average Price		New Listings		Sales		Average Price		New Listings
City of Toronto (“416″)	1,685		$594,789		3,499		1,901		$573,137		3,767
Rest of GTA (“905″)	2,791		$513,077		5,661		3,054		$480,578		5,089
GTA	4,476		$543,838		9,160		4,955		$516,089		8,856

Toronto MLS Sales & Average Price By Home Type – May 1 – 14, 2013
				Sales				Average Price
		416		905		Total		416		905		Total
Detached		626		1,618		2,244		855,334		615,563		682,451
	Yr./Yr. % Change	-6.7	%	-7.8	%	-7.5	%	2.0	%	7.5	%	5.6	%
Semi-Detached		202		302		504		630,984		414,835		501,466
	Yr./Yr. % Change	-6.0	%	-7.6	%	-7.0	%	5.5	%	3.2	%	4.5	%
Townhouse		181		511		692		457,666		384,298		403,489
	Yr./Yr. % Change	-21.3	%	-9.6	%	-13.0	%	-2.3	%	7.1	%	3.3	%
Toronto Condos		661		281		942		377,341		285,851		350,050
	Yr./Yr. % Change	-13.6	%	-11.6	%	-13.0	%	2.1	%	-1.4	%	1.1	%

 

Iris Li, is a Toronto Remax Condos Realtor who specializes in Toronto downtown Condos, Condominiums and Lofts.

It was Toronto Downtown Condos that added to the average Home price increase for all Toronto Home types for April, 2013.

The average price for Downtown Toronto Condos was $379,266, up 5.6 per cent according to the Toronto Real Estate Board.

The Toronto Condominium apartment sector was the key driver of April’s price growth in Home buying.

Toronto detached homes were up 2.5 per cent in the City of Toronto to an average price of $852,090. Lack of listings in the detached home market to meet demand has resulted in bidding wars in desirable locations.

View current new and updated Toronto Downtown Condos for sale and Toronto Homes for sale.

The resale price for Condo parking spaces can reach $60,000.00 according to a recent article in the Toronto Star.

A parking spot originally purchased for $18,000 about 15 years ago was recently sold by the owner for $38,000.

According to the Toronto MLS some 23 parking spaces ranging up to $60,000 are sold and three lockers were sold for $4,000 to $6,000.

Toronto Condo developers find digging deeper to build more parking spaces increases their costs.

If your Toronto Condo comes with a parking space and locker you have a potential cash sale if you ever want to sell them in the future.

Bay Bloor Condos

Yonge Bloor Condos

Yorkville Condos Toronto

St Lawrence Market Condos-Listings

Rezen Condo For Sale

High Demand Rezen Condo for sale in the St. Lawrence Market Neighbourhood.

Bright And Spacious One Bedroom + Den (App.803 Sq.Ft.).

Open Concept, Floor To Ceiling Windows. Walking Distance To The Esplanade, Subway And Financial District. Great Amenities. Price Includes Parking And Locker. Great Value.

Extras: Fridge, Stove, B/I Dishwasher, B/I Microwave, Washer & Dryer. All Window Coverings, All Existing Light Fixtures.

Rezen Condo Features:

• Bedroom(s): 1 + 1
• Bathroom(s): 1
  • 4 piece : 1 total
• Kitchen(s): 1
• Approx. square footage: 800-899
• Estimated annual taxes: $2,400.00
• Maintenance Fees: $492.64
• Amenities: Concierge, Gym, Party/Meeting Room, Rooftop Deck/Garden, Security Guard, Visitor Parking

Search here for the latest St Lawrence Market Condos for sale/rent.

Thinking of selling or renting your St Lawrence Market Condo, then contact me for more information.

Iris Li is a Remax Condos Toronto Realtor specializing in both new and resale Toronto Downtown Condominiums.

Toronto and Area Condo sales dropped 17 per cent to 4,133 units compared to the first quarter 2012.

Good news, the average Toronto Condo price dropped only 0.5 per cent to $332,846.

Inventory of Toronto Condos for sale remains high but the annual rate of price growth is above the Toronto Real Estate Board’s forecast of 3.5 per cent for 2013.

View current Toronto Condo Listings:

• Bay Bloor Condos For Sale
• Harbourfront Condos For Sale
• St. Lawrence Market Condos For Sale

Toronto Downtown Condos Increase In Average Price-March

Toronto Condos in the two largest Condominium Markets increased in average price by almost $20,000 year over year.

View the average resale price for downtown Toronto Condos:

Average Toronto Condo Price Central March

District	#Sales	2012	2013	Difference	Change
C01	305	$416,943	$436,900	$19,957	+4.8%
C08	122	$397,870	$417,904	$20,034	+5.03%
C07	41	$339,277	$365,044	$25,767	+7.5%
C14	103	$393,838	$380,684	$13,154	-3.3%
C15	61	$339,350	$338,313	$1,037	-0.003%

The average Toronto Condominium price in March is showing some strength in the current Economic times.

Again Toronto is the business capital of Canada, a location where people from many different countries want to work and live.

Here are a few of the more popular Toronto Condo locations.

Yorkville Toronto Condos For Sale

St Lawrence Market Condos Listings

Harbourfront Condos Downtown Toronto

Toronto Condos-No Bubble

We should see March results for Toronto Condos and specifically downtown Toronto Condos.

So far this year the average Toronto Condo price is down just a few percentage points in the (C01) district.

In February in (C01) the average resale Condo sold for $421,310 down 1.3 per cent year over year and Toronto Condos in the (C08) district were down 8.2 per cent for the same time period.

What direction lies in wait for these downtown Condos in March, we will know shortly and we will blog the results.

In the meantime you can view new and resale  Toronto Bay/Bloor Condos for sale and Yorkville Condo Listings.

Toronto Home and Condo Sales/Average Prices February 2013

For the second month this year Toronto Home and Condo sales continued to cool due to recent mortgage rules making home buying more difficult with even more restrictions.

The average resale price of Toronto Homes increased in February by two per cent to $510,580 for homes in Toronto and area combined.

The average price forecast by the Toronto Real Estate Board is $515,000 for all home types resulting in a three per cent increase.

Summary for Toronto MLS Listings Sales-Average Price:

• Toronto Detached Homes 749 Sales, Average Price-$823,329 up 0.1%
• Semi-Detached Homes 234 Sales, Average Price-$618,777 up 6.2%
• Toronto Townhouse 230 Sales, Average Price- $450,440 up 4.9%
• Toronto Condos 953 Sales, Average Price- $352,614 down 4.7 %

From the first two weeks of March, the Sales and Average prices are showing positive so will have to wait for the full March results for even more direction in our Toronto Real Estate Market.

Search our Toronto Real Estate MLS Listings Website for the latest Homes and Toronto Condos for sale.

Downtown Toronto Condos Soar

Downtown Toronto Condos have hit their stride as the best residential mecca in North America.

Where else can you live in a luxury downtown Condominium close to work and all that the City of Toronto has to offer in Arts, Entertainment and Education to name just a few.

Finding downtown Condos is what Iris Li,Remax Toronto Realtor does best, both new and resale Condominiums.

With years of experience she offers first hand knowledge of all the luxury Condos downtown.

Nobody does it better representing both Buyers and Sellers in the Toronto Downtown Condo Market.

Toronto Downtown Condos:

Bay And College Condos

Financial District Condo Listings

Toronto Downtown Condos

Toronto Downtown Condos Average Resale Price Drops

The Toronto Real Estate Board has just released stats for Toronto Home and Condo resales for the month of February,2013.

Three Toronto Real Estate Districts we are interested in show a drop in average resale prices.

• C01 Toronto Condos average resale price $421,310 down from $426,741 February 2012
• C08 Toronto Condos average resale price $371,904 down from $405,073 February 2012
• C12 Toronto Detached Homes resale average price $2,175,300 down from $2,310,019 February 2012

Actually we were hoping for slight increases in the average resale prices for the Toronto Downtown Condos and the desirable C12 district that has many luxury detached homes.

We watch the downtown Toronto Condos that show the most resales giving a clearer picture of the bigger Condo market direction.

Iris Li is a Remax Toronto Realtor specializing in Toronto downtown Condos. Contact Iris to find what is now on the Toronto Condominium Market.