|Peter Street Condos Entertainment District|
Toronto Condo Sales Continue Momentum But Average Price Drops
According to the latest Toronto Real Estate Board's Mid-October results, the average price for Toronto Condos was $381,709, down -2.6% from the same time in 2013.
Toronto single detached Homes continued to increase in average price to $946,131, mid-October, an 11.5 % gain year-over-year.
There were 629 Toronto Condos sold, an increase of 9.0 per cent.
Toronto detached home sales were up 10.7% increasing to an average price of $946,131.
The average selling price for all Toronto Home types including Condos,single-detached,semi-detached and Townhouses was $583,719 up by 8.8 per cent from the same time last year.
Overall price growth for Toronto Homes mid-October, was driven by the low-rise segment and this price growth is expected to remain over the next few months.
One of the most expensive Condo development deals was the purchase of a $113 million Condominium site, King Blue Condos, in Toronto's King Street West Entertainment District.
Toronto downtown Condos continue to offer affordable alternative living in an Urban setting.
Pictured above: Peter Street Condos For Sale/Rent,Toronto Entertainment District
New: Toronto Entertainment District Condos Sale/Rent.
Iris Li is a ReMax Condos Realtor specializing in Toronto Downtown Condos, Condominiums, Town homes and Lofts. Call for a scheduled showing for any of these properties.
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