The Toronto Real Estate Market continues to show a strong demand for existing home sales in recent months according to a recent survey by the Royal Bank.
Sellers were attracted by conditions favourable to them and were still out numbered by Toronto home buyers.
Bidding wars and a shorter time on the Toronto Real Estate market were common in late 2009 and the early part of 2010.
Affordability of resale Toronto Homes continued to increase between 0.3 and 0.6 per cent for three of the four housing categories.
Toronto Condos eased by 0.1 per cent, perhaps because of more listings on the Condominium market.
All affordability measures as a percentage of household income, now exceed their long-run averages in the Toronto Real Estate Market.
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