Moving into the Fall season the Toronto Real Estate Market continues to show strength mid-October.
The average price for a single-detached Toronto Home was $946,131, up 11.5 per cent from the same time last year.
Toronto sem-detached Homes increased in average price to $692,418, an increase of 8.3 per cent.
Toronto Condos average price declined by 2.6 per cent to $381,709 during the same period.
The average price for all Toronto Home types was $583,719 posting an 8.8 per cent increase year-over-year.
Overall, according to the Toronto Real Estate Board price growth will continue to be driven in the Toronto Real Estate Market by low-rise market segments that include detached, semi-detached and town-homes.
With the average price of a Toronto Detached Home selling for $946,131 buyers are finding Toronto Condominiums selling at $381,709 more affordable and readily available in downtown locations close to their workplaceToronto.
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Sales Representative, Re/Max Goldenway
416 505 8023 Direct