Average Toronto condo price grows 15.1% year over year!
Condos are not the only story, semi-detached and townhouses saw an average year over year growth of 3.7% (semi-detached) 8.2% (townhouses). Year over year thats a good return considering last January the market was at a fever pitch. The amount of homes that sold in January to last January are down across the board, ranging for -18% to -23% for the Toronto market. If you are thinking of selling your home maybe now is a good time to do it. If you are planning to buy rely on your full-time realtor to find you that deal! How can a part-time realtor do a full time job?!
(These stats are for the Toronto market. I will not be including the 905 market moving forward.)