Toronto Condos, many in the downtown area of our city, increased in average price to $396,207,Mid-July, a 1.1% increase year-over-year.
The number of new active listings continued were lower, resulting in Toronto Home buyers competing for fewer Homes and Condos for sale.
Many Toronto Home buyers are taking advantage of the lower interest rates that are now offered and are trying to beat the increased price of Mortgage premiums in the near future.
Employment growth and a record increase in population both continue to fuel strong demand for Toronto Homes and Toronto Condos.
Toronto Home And Condo Average Price Mid July 2015:
Toronto Detached Homes average price $999,518 up 15.7%
Toronto Semi-Detached Homes average price $679,339 up 9.8%
Toronto Townhouse average price $550,959 up 10.2%
Toronto Condos average price $496,207 up 1.1%
Where in Toronto do you want to live?
- Toronto Entertainment District Condos For Sale/Rent
- Yonge Bloor Condos For Sale/Rent
- Bay Bloor Condos Sale/Rent
Many of these desirable Toronto Condominiums are close to Rapid Transit and many of them offer work and play in the very same neighbourhood.
Each one of the above Toronto Condominium Districts are more than enough to attract both Condo buyers and Condo renters.
Take a look and be sure to call me to arrange showings for any of these Toronto Condos that may just interest you!
Iris Li is a ReMax Condos Toronto Realtor specializing in Toronto Downtown Condos, Condominiums, Town homes and Lofts.
Call today for a scheduled showing for any of these Toronto Condo properties or Toronto Single-Detached Homes!
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