Emerald City Condos
The Toronto Condo Market continues a correction from the record price increases and sales from 2007.
Even for me, it was difficult to remember that 2007 was indeed a record year and looking back on my blogs for 2007 almost every month was better than the last and unfortunately that kind of performance can not be sustained.
The banking panic over the last several weeks is certainly not going to help our Toronto housing Market but economists are advising that a balanced market is in the future were the pent up demand for housing will be absorbed , with the average Toronto home and Condo price growing near the rate of inflation.
The figures and statistics for the Toronto Condo Market are made public by several organizations including Canada Mortgage Housing Corp. and Statistics Canada plus several institutional Banks and Stock Brokers all predicting national, provincial and regional statistics.
The best resale housing prices and sales statistics are from the Toronto Real Estate Boards own figures that break down the monthly statistics to prices and sales of single detached homes, Condos and townhouses in different city districts.
The Toronto Real Estate Board also breaks out the average and median prices for GTA homes and also prices for the old City of Toronto for even a better idea of your current price.
Certain districts within the Toronto Real Estate Boards jurisdiction do quite well and usually can hold their own over the years.
My own Toronto Real Estate website features the Boards Market Watch as a link so you can compare prices over several months.
