Toronto Real Estate Market Sizzling All Summer

Toronto2015September 7, 2015- The average sale price of a detached home in the 416 area has increased 12.9% year over year and the average condo has increased 9.5%.  For example, the average detached home in Toronto is $1,017,653 and in Central Toronto a whopping $1,701,332. The average condo apartment in Central Toronto is now $456,747. Inventory is down a further 10.5% from this time last year, which is keeping demand very high and therefore prices. Read the whole TREB Market Watch Report or for more information, contact Andrea Stark, Sales Representative, Royal LePage Real Estate Services, Ltd., J&D Division, Brokerage- 416-489-2121

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