Toronto Condos

Toronto Downtown Condos are holding their price year over year in several Central Toronto Real Estate Districts we follow.

Statistics from the Toronto Real Estate Board are published every month under the Market Watch on my Toronto Real Estate web site.

Market Watch shows all the sales and prices ( I use the average price option to keep everything relative ).

The average price for Toronto Condos in the Central District ( C15 ) increased to $296,593, an increase of 16 per cent from January 2008.

The Canadian Real Estate Association (CREA) averages out prices for all housing sales in Canada. The average is accurate but it does not include any type of home like Condos or Townhouses in any particular city.

Showing a 11.3 per cent drop in 12 months for the average Canadian home, ending in January does not reflect the increase of  16 per cent in Toronto Condos in the  central Toronto Real Estate District of C15.

Two things are clear about the Canadian Housing Market at this point.

Canadian Real Estate is dropping in both  sales and price but not as bad as the US Real Estate Market.

The future  Canadian Real Estate outlook is that prices could fall further  in 2009 to an even lower amount, say10 per cent.

For the majority of Canadian home owners in Toronto, the Toronto Real Estate Market Watch is  still the best indicator for all updated Toronto statistics.

The Teranet-National Bank house price index does a great job in the average Canadian home prices. Its web site is http://www.housepriceindex.ca/