As Average Toronto Home Prices Continue Rise, More Opting To The Burbs

June 6th, 2012- Sales continue to be strong, with the average sale price up another 6.5% since last year according to the latest Market Watch Report from the Toronto Real Estate Board. However, statistics show that more buyers are choosing to move outside of the core, due to more reasonable prices and to avoid the Toronto Land Transfer Tax. Listing inventory has improved which has cut down on multiple offer frenzies, but unfortunately, many foolish sellers are raising the asking price of their home after debuting lower….always a bad move. Don’t let yourself get too cocky!

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