The 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 in September.
The average price for all Toronto Condos in the 416 area was $446,294 this September.
In the Toronto Downtown area (C01) Condos sold for an average price of $530,452 up 14.49% from just a year ago.
Not to be outdone Toronto Condos in the (C08) district sold on average for $488,481, up 14.58% in September.
Bidding wars have taken place in some popular Toronto Downtown Condo locations when there are simply more Toronto Condo Buyers than Condominiums for sale.
Bidding wars for Toronto Condos for rent continue.
New Toronto Condos are being absorbed into the market, especially in the Toronto Downtown areas.
Iris Li is a Toronto Condos Realtor specializing in both new and resale Toronto Downtown Condominiums. and Toronto Homes for sale.