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.