The summer Toronto Condo Market is heading for another positive year for 2016.
Positive results for both Toronto Condos and Toronto Homes for sale have seen both average prices and sales increase this August.
The average price for all Toronto Condos in the 416 area was $446,612 in August.
In the Toronto Downtown area (C01) Condos sold for an average price of $502,071, up 8.93% from a year ago.
Not to be outdone Toronto Condos in the (C08) district sold on average for $499,860, up 21.47% in August.
In some popular Toronto Downtown Condo locations bidding wars have taken place when there are simply more Toronto Condo Buyers than Condominiums for sale.
Bidding wars for Toronto Condos for rent have also been reported.
This Toronto Condo Market is staying healthy and resilient with new Condo supply being absorbed.
Iris Li is a Toronto Condos Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.