Toronto Real Estate Market News
April 11, 2014
As the spring market heats up, Royal LePage has released their ‘state of the union’ report on where the housing markets across the country are headed.
Year-to-year, Calgary homes saw the largest increase – 7.5% as compared to Toronto’s 6.8% for two storey homes. It was obvious sellers were raring to go this year, sales in March were 7.2% higher than March 2012. Condo sales were up 6.9% and the price of those was up 5.1%.
So what does this all mean?
Confidence in the Toronto housing market – both single family homes and condos – remains strong. With the population in the city only set to increase and no extra land to build on, there is no reason to think that the market isn’t going to remain strong.
Click here for the report