So far this year Toronto Condos are mostly in positive territory when compared to last years results.We follow several Toronto Downtown Condo Districts, actually the Toronto Real Estate districts that have the most sales to reflect a bigger picture.
The Toronto Central Districts of C14 and C15 have been very good in the average price appreciation, with November 2010 average resale prices up 9.26 and 8.24 per cent.
It gets better, Luxury Toronto Condos in C03 were up..46.04 per cent from just a year ago.
A recent headline showed Canadian resale prices were down 0.4 per cent from the month earlier. I have not seen a headline yet that Toronto Condos in one Central District are up 46.04 per cent.
This year in our Toronto Condos Blog, we will try and separate the "talking heads" that continue to say the sky is falling and there is a huge "bubble" in the Toronto Real Estate Market.
We will be able to readily chose from Bank Economists, Stock Brokers and others who really do generalize on the future of the Canadian Real Estate Industry.
Pictured above is the new Lumiere Condos on Bay Street with units available for sale and for rent in the College, Bay area.
Looking for that special Toronto Condo? Contact Iris Li, Toronto RE/MAX Realtor.
Related:
Toronto Condos Average Price November 2010
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