Posted by: torontocondo | October 6, 2013

Toronto Home and Condo Sales/Price September 2013

Toronto Home And Condo Strong Sales/Price Growth September 2013

Total Toronto Home sales were up by 30 per cent in September and the average resale price for all Home types increased 6.5 per cent to $533,797 year over year.

Low-rise home types are in strong demand and there is a shortage of home listings resulting in stronger price growth.

Tighter market conditions in the Toronto low-rise segments continues to increase the average resale price growth.

Toronto Sales and Average Price Growth By Major Toronto Home Type 416 Area

  • Toronto Detached Home-$856,169-Up 10.2%
  • Toronto Semi-detached Home-$616,049-Up 1.9%
  • Toronto Townhouse-$455,518-Up 7.5%
  • Toronto Condo apartment-$363,149-Down -3.7%

The Toronto Real Estate Board is now forecasting overall price growth to be well above the rate of inflation this year.

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