Toronto Home Prices Expected To Rise.
Low interest rates and a shortage of Toronto Homes for sale will both contribute to a rise in Home prices for 2013.
Toronto Home prices are expected to rise by 2.5 per cent that should see the average GTA Home price increase to $511,500 according to a recent survey by Royal LePage Realty.
Resale Toronto Homes are expected to be lower by 4.5 per cent by the end of 2013 compared to a year ago.
The Toronto Condo market continued to hold on to positive prices with the average price of $366,189, up 0.7 per cent year-over-year.
Iris Li, Toronto Re/Max Realtor specializes in Toronto Home and Condo Real Estate MLS Listings, both new and resale.