Toronto condo prices soar 28% (July 25, 2017)

 Toronto condo prices soar 28% -> LINK

Toronto’s home sales may have seen a big slump in June but the condo market has shown relative resilience in the second quarter of 2017.

 

Toronto Real Estate Board data shows that 8,223 condo apartments were sold between March and June, down 8% from the same period of 2016. The average selling price continued rising sharply though, up 28.1% to $532,032 for the TREB market area as a whole and to $566,513 for the city of Toronto.

However, Sotheby’s International Realty Canada reports that activity in the GTA has begun to cool since the introduction of the Ontario Fair Housing Plan.

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