|Toronto Entertainment District Condos|
New Toronto Condo Sales Still Strong In 2015The new Toronto Home and Condo market in 2015 is starting off with sales down but prices up.
Across the Greater Toronto Area there were 1,939 new Homes and Condos sold in January. Those results are 3% above the market's 10 year average, but down 12% from last year.
New high-rise Homes including Condos, Lofts and Stacked Townhomes declined 25% from last year as new Condo launches were down from a year ago.
The price of new low rise Homes increased by 8.3%, hitting a new record of $710,628.
The gap in average price from low rise Homes to Condos was $266,123 again a new record in January, according to RealNet Canada Inc.
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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