TREB Releases February 2013 Real Estate Market Statistics

Real estateMarch 6, 2013- Average sale prices in Toronto are up 2% from this time last year. The number of sales is down 15%. The forecast for low-rise properties is expected to gain a moderate 3% in value for 2013. This according to the Toronto Real Estate Board’s Market Watch Report. My guess regarding condos: the newer high rise downtown market will be flat but the low-rise and midtown condo values will be strong with at least a 3% increase in value this year. Smart time to downsize or enter the real estate market…Andrea Stark

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