Toronto Condos Return To Normal Price Levels

Toronto downtown Condos are showing signs of returning back to normal levels, off the highs of the 2007 Condo Market.

Toronto Condo prices are rising much slower than the record year prior and more Condos and Homes are on the resale market.

The increases now are low single-digit increases even in the demand downtown Toronto locations.

Average Toronto Prices From Same Period Last Year:

• Detached Bungalow rose 5.3 per cent to $433,540
• Standard Toronto Condo rose 2.2 per cent to $309,711
• Standard 2 storey property rose 1.6 per cent to $555.950

CMHC and Statistics Canada do come out with Canada- wide resale home statistics but for Toronto and the GTA the best local Real Estate statistics to rely on, is The Toronto Real Estate Boards MarketWatch.

My Toronto Real Estate website includes the MarketWatch figures and Toronto MLS listings for Condos, Lofts and Townhouses.