Downtown Toronto Condos
Low interest rates and more affordable pricing helped in setting a new Toronto Real Estate sales record for June, 2009.
The Toronto Real Estate Board reported a record breaking 10,955 sales, up 27 per cent from June 2008.
The average price for Toronto Real Estate transactions was $403,972, up 2 per cent from the same period last year.
The Senior Manager of Market Analysis for the Toronto Real Estate Board said “The re-emergence of seller’s market conditions has exerted pressure on home prices.”
Downtown Toronto Condos were all up in sales and several increased in average price from one year ago.
Resales of Toronto Condos in the Central ( C01 ) area were up 45 per cent however the average price was down 5 per cent.
North York Condos in the Central ( C15 ) area were up 21 per cent in average price, a great showing.
To see the entire Toronto Real Estate results for June 2009, see our Toronto Home And Condo website.
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By: Toronto Resales Move To June Record « Toronto Condos on July 7, 2009
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