Month: February 2017

Toronto Real Estate Board Reports 22.3% Average Price Increase Since Last Year

TORONTOcityhallnightFeb 3, 2017- Active listings are down by half, sales are up 11.8% and the average Days on the Market is down 34.5% to only 19. The average selling price for a detached property in the 416 area is now $1,336,640. The average selling price of a 416 condo apartment is $471,409. With such short supply, prices keep increasing. Even though Donald Trump remains a wild card, and the Vancouver market has changed, the Toronto market stays strong. If you have a property to sell, what are you waiting for? Read TREB’s Market Watch Report and contact Andrea Stark, Sales Representative, Johnston & Daniel, Division Royal LePage RES Ltd., Brokerage for personal real estate service and advice. TOrealestate.ca 416-489-2121

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