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Average Price of a Condo in Toronto Passes $400K

It's been a record breaking month for the Toronto real estate market. Recently Toronto became the hottest luxury housing market in the world, and the average price of a detached home soared over a million dollars. The average price for all homes surpassed the $600K mark last month.

Toronto condo prices are the latest to hit a new benchmark, with the average price exceeding $400K for the first time. That comes as part of the strongest month of sales for the local real estate market in its history. Demand far outweighs supply, and first time buyers are flooding the market with offers.

The roaring Toronto real estate train shows few signs of slowing down.

Source:  blogTO

 

If you want to buy or sell a Toronto condo or loft, contact Casey Ragan at 416-486-5588 or by email at casey@remaxhallmark.com

 

Casey Ragan

“Toronto’s Condo Authority”

Toronto Condos and Lofts

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RE/MAX Hallmark Realty Ltd., Brokerage
723 Mount Pleasant Road
Toronto, ON
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The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale or lease of real estate and may not be used for any commercial purpose or any other purpose.

Information is deemed reliable but is not guaranteed accurate by TREB.

Toronto Real Estate Board - IDX Last Updated: 8/21/2017 6:30:22 AM