Toronto home sales continued to soar mid-November, just like the Trump Tower rising higher and higher.With consumer confidence growing and low interest rates the results have been most positive in the number of resales and also positive price gains.
TREB reported sales of 3,666 , an increase of 84 per cent from November 2008.
Year-to-date Toronto MLS sales were 78,233 an increase of 11 per cent over the same period last year. The average resale price was $393,180 up by 3 per cent for the Toronto and GTA Real Estate market.
Toronto Condos registered 1,560 resales with an average price of $441,893, an increase of 10 per cent over the first two weeks of November 2008.
Some Economists are forecasting a rate hike in interest rates by 2011 but in the meantime Toronto buyers are using the low interest rates until at least July 2010 to purchase a home.
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