Toronto Home Sales Up- Condos Increasing More In Value Than Freehold Real Estate

July 5th, 2018- In a continuing tight market, we are seeing 416 condo apartment sale prices rising 9.5% since a year ago, (now $605,530 on average), semis up 1.4%, (to $999,754), and detached home prices down 2.4% to an average price of $1,354,429. The average sale price of a detached home in Central Toronto in June 2018 was $2,164,616. Mortgage rates are set to rise, but they are still very low. Read the full TREB report and for personal real estate advice, contact Andrea Stark, Sales Representative, J&D Division, Royal LePage RE Services Ltd., Brokerage 416-489-2121