Toronto Real Estate Prices 2008

The Toronto Real Estate Board statistics for December 2008 and also the year end figures as well, should be published shortly.

The big comparison will be Toronto Real Estate sales and average resale prices for 2008 as compared to the record year of 2007.

There are three variables that will affect The Toronto Real Estate Market:

Interest Rates
Job Creation
Consumer Confidence

Obviously the Toronto Real Estate Market is not immune from all the economic uncertainties facing consumers today.

We believe we will see Toronto Condos increasing in certain areas in average price in a year over year comparison.

Toronto's hottest neighbourbourhoods like the Annex and Forest Hill should continue to hold their appeal even in this slowing Market.

We will update the central Toronto Condos that we follow as soon as the 2008 figures are available.

Our Toronto Real Estate site has updated Toronto Real Estate Market Watch figures that make it easy to compare Condos, Loft, Home prices and sales over the last twenty four months.

The upcoming report should help compare Toronto's Real Estate Market with other major cities like Calgary, Vancouver and Montreal.