Short term buying and selling of Toronto Condos is becoming a thing of the past as average prices of new Toronto Condos is slowing, the lowest since 2005 according to the Toronto Condo research marketing experts.
The average new Toronto Condo price growth in the Q40-2013 was the lowest in years.
Average Toronto Condominium prices for the fourth quarter was $543 per square, up 1.3 per cent on an annualized basis.
Confidence in the new Toronto Condo market should return when buyers see the Toronto resale Condo market remains positive.
Resale Toronto Condo sales reached 15,698 units in 2013, up 2.7 per cent from 2012 with Toronto Condominium average resale prices of $418 per square foot up 2 per cent in 2013.
Toronto Condo rentals increased in average price to $2.37 per square foot, up 4.2 per set from 2012.
In our Toronto Condos Blog we continue to offer you the reader, unique Toronto Condominium photos and current information on the latest MLS listings for the Toronto Condo Market.
Take a look at the right side of this Condo Blog to view the Most Viewed Condo Blog Posts for some interesting Toronto Blogs viewed by our readers.
Iris Li is a Remax Condos Toronto Realtor specializing in both new and resaleToronto Downtown Condominiums. and Toronto Homes for sale.
Related Toronto Condos Blog Posts:
Toronto Home And Condo Sales Remain Strong In October (buyselltorontorealestate.com)
Toronto Commercial Real Estate Unprecedented Demand (torontohomeandcondo.com)
Toronto Housing Market No Signs Slowing Down (torontorealestatehome.com)