Toronto Home and Condo sales in June were a record 10,955, up 27 per cent from June last year.
It was the best June for sales since the Toronto Real Estate Board started tracking the monthly statistics from the mid 1960s.
Home sales right across Canada are amazingly strong:
- Calgary home sales up 27 per cent for May 2009
- Toronto home sales up 27 per cent for June 2009
- Edmonton home sales up 38 per cent for June 2009
- Vancouver home sales up 75.6 per cent for June 2009
This compares to declines of 50-70 per cent in late 2008, early 2009.
Prices will soon start to pick up with the high amount of sales that are going on in these different Real Estate Markets.
Toronto has become North America's largest Condo market, with more new Condo projects than Chicago or New York.
One reason for the strength in the Toronto Condominium demand is Toronto's rise as a Global City that has seen 67,984 Condo units constructed in over 300 buildings since 2004.
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