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Toronto Real Estate Average Prices Mid-December
Toronto Real Estate Agents reported December mid-month results that showed MLS transactions up 11 per cent over the same time last year.On a year to date basis the number of Toronto resale homes amounted to 87,407, up 4.3 per cent compared to 2010.
As Toronto home buyers continue to take advantage of affordable home ownership options like lower interest rates and more listings this year will be the second best year on record for The Toronto Real Estate Board.
Now for the average price for a Toronto home in the first two weeks of December. It was $460,967-up 6 per cent from December last year.
The average resale price for Toronto (416) area was as follows:
Detached-$708,993 up 3%
Semi-Detached-$504,532 up 2%
Townhouse- $364,929 down 10%
Toronto Condos-$359,206 up 4%
The Toronto Real Estate Board is saying the current positive resale market should continue into 2012 with prices somewhat lower.
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