Tuesday, October 25, 2011

Toronto Condos and Home Prices Driven By Strong Demand


Bloor Yonge Condos
Yonge Bloor Condos

According to the Conference Board Of Canada Toronto Condos and Home prices were driven by economic fundamentals.

What drives this Toronto housing market?

Low interest rates for one and also the economic recovery that followed the last recession.

Housing began to exceed supply and as a result resale home prices soared 19 per cent over the winter of 2010.

Purchasers are finding slower price increases and also the fact that mortgage rates are not about to be increased for some time.

The Toronto Real Estate Market is showing there is no "bubble" as many had predicted with supply and demand slowing the growth in price gains.

Pictured above are several Yonge, Bloor Condos. Starting on the left, we have The Uptown Condos, next is Crystal Blu Condos and on the right, Casa Condos. The white Condo in the middle middle is One St Thomas Condominiums designed by Robert Stern.

Related:

Yonge Bloor Condos Listings

Iris Li Remax Toronto Realtor
Iris Li Remax toronto Realtor