Toronto Downtown Condos Average Price Increase March 2016
The spring 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 over the last several months.
The average price for all Toronto Condos in the 416 area was $416,251 this March.
In the Torontp Downtown area (C01) Condos sold for an average price of $471,359, up 7.93% from a year ago.
Not to be outdone Condos in the (C08) Toronto district sold on average for $462,015, up 2.44% this March.
In some popular Toronto Downtown Condo locations bidding wars have taken place when there are simply more Toronto Condo Buyers than Condominiums for sale.
Even bidding wars are seen for choice Toronto Condos for rent as well.
As a result the Toronto Condo Market is staying healthy and resilient overcoming any small talk of a forthcoming housing bubble.
Iris Li is a Toronto Condos Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.