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

Advertisements

, , , , , , , , , , , , , , , , , ,

  1. Leave a comment

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: