Posted by: torontocondo | March 20, 2013

Toronto Home Sales Cool as Average Prices Heat Up

Toronto Home and Condo Sales/Average Prices February 2013

For the second month this year Toronto Home and Condo sales continued to cool due to recent mortgage rules making home buying more difficult with even more restrictions.

The average resale price of Toronto Homes increased in February by two per cent to $510,580 for homes in Toronto and area combined.

The average price forecast by the Toronto Real Estate Board is $515,000 for all home types resulting in a three per cent increase.

Summary for Toronto MLS Listings Sales-Average Price:

  • Toronto Detached Homes 749 Sales, Average Price-$823,329 up 0.1%
  • Semi-Detached Homes 234 Sales, Average Price-$618,777 up 6.2%
  • Toronto Townhouse 230 Sales, Average Price- $450,440 up 4.9%
  • Toronto Condos 953 Sales, Average Price- $352,614 down 4.7 %

From the first two weeks of March, the Sales and Average prices are showing positive so will have to wait for the full March results for even more direction in our Toronto Real Estate Market.

Search our Toronto Real Estate MLS Listings Website for the latest Homes and Toronto Condos for sale.