Toronto Real Estate has been setting record sales recently however the comparison is to the Fall months of 2008 when the Market simply froze.It started to pick up again starting in January, 2009 and has gained month over month for most of this year. It was not just the Toronto Real Estate Market but the rest of the larger cities like Vancouver, Calgary and Montreal followed as well.
New Toronto home sales like Condos and detached homes rose 97 per cent compared to the same period in 2008 according to RealNet Canada.
Not only sales were up in Toronto but the average resale price was up as well. The fact that there are fewer listings almost every month, has put pressure on available Toronto MLS listings resulting in higher prices.
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