Toronto Condo Market is not slow. Going against the speculations, the Toronto condo sales have registered an impressive growth of 12.9 per cent year-over-year in the third quarter of 2014. he average selling price for Q3 condominium apartment sales was $359,352 – up by 5.7 per cent compared to the average of $339,878 in Q3 2013. The average selling price was highest in the City of Toronto, at $382,210, representing a yearover- year increase of 6.1 per cent.

Total registered sales stood at 5,954 out of which City of Toronto had the Lion’s share at 4,233 followed by the Region of Peel at distant 807 units. Toronto had a Condo Vacancy rate of 1.7% while region of Durham had the rate of 0.5%.

So lot to cheer and good new for investors and buyers looking to invest in lucrative Condo Market.

2 COMMENTS

  1. If you want to live in downtown Miami execpt to pay 250k and up as of now however there are a lot of forclosed condos on the market for cheap Im talking $50k which are a good buy because in 10 years they will be worth $500k and up ! Reason being Miami has plans to build the worlds largest shopping mall near downtown and a new series of futuristic resorts thats going to change the whole Miami skyline and yes you can Jet ski in Biscayne bay

  2. I agree. Keep in mind most flat rate brokers also are full srveice brokers so they are capable of offering help if asked even if they’re not getting full commission. IMO they are also more enlightened that your typical broker. They understand full srveice isn’t for everyone. Not to mention a limited srveice listing can be upgraded at any time. A smart broker can build trust and rapport to easily turn it into a full srveice listing if nothing happens in the first couple of months.

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