Toronto's Real Estate Market was stronger again in October with prices increasing from low-end homes right up to Luxury Toronto Condos. In Toronto and the Greater Toronto Area, the Real Estate market saw a distinct reverse from a year ago.
Toronto Condo Rentals:
The Toronto Real Estate Board reported Condo rentals increased in the GTA by 32 per cent from the same time a year ago. The number of Condominiums rented was 5,673 from May to september.
The average rent for a one-bedroom apartment was $1,439 a month and two-bedrooms were renting for $1,873 a month.
Yorkville Condos Prices Increase:
Toronto buyers were definitely buying in September with the average resale price in the downtown area (C01) up 10.7 per cent and the Yorkville area (C02) saw resale prices increase 45 per cent from one year ago.
One luxury Yorkville Condo was on the market for $6,900,00 in this trendy upscale neighbourhood.
Real Estate Market Increases:
According to the Toronto Real Estate Board resales in the Toronto area were up 28 per cent for September, 2009 compared to September, a year ago.
The City Of Toronto had sales of 3,341 for september, with the average price of $437,182, a 11 per cent increase from September 2008.
New Bloor Yonge Condos:
Several new Condominium projects are nearing completion in the Bloor Yonge area of Toronto.
The Toronto Real Estate Market continues to be positive in resale numbers and in the average price so we look forward to the October results.
