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.