September 17, 2018
Toronto detached homes might have slipped from highs, but condo apartments pushed higher. Toronto Real Estate Board (TREB) number show condo apartment prices reached an all-time in August. Higher condos prices came with inventory and sales that were mostly flat from last year.
Toronto Condos Hit A New All-Time High
The price of a typical condo in Toronto hit a new record. TREB reported a benchmark price of $505,500 in August, up 9.94% from the year before. The City of Toronto condo benchmark reached $533,600, up 11.6% from last year. The gains show an interesting change in the pattern of prices.
For more information on selling your condo on the current condo market, contact me by email or call 416-322-8000.