Toronto Condos and Home Prices Driven By Strong Demand



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.

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Yonge Bloor Condos Listings

Toronto Home Prices Help Canadian Home Sales Climb

Willowdale  Condos North York

Good news from the Canadian Real Estate Association reporting Canadian home sales climbed 2.7 per cent in September from a month earlier.

Economists see this as a balanced Real Estate market with no signs of a bubble.

Toronto led the different resale markets with strengthened activity moving national sales to its highest level since recently tightened mortgage regulations.

The average resale home price was 6.5 per cent above last years results.

Toronto resale homes continue to post a 9 per cent increase in a year over year pace. according to this recent report, Toronto average price growth could jump ahead of Vancouver's next month.

On one hand we have lower mortgage rates and lower unemployment compared to consumer uncertainty and tighter mortgage rules.

Resale home prices and sales are expected to hold steady, over the next year.

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Toronto Downtown Condos

Willowdale Condos And Homes For Sale

Toronto Condos Average Price And Sales Increase In September

Toronto Condo Prices increased in September to $350,146, a 7 per cent increase from the same time last year.

In the 905 area Condos increased to an average price of $278,856, a 14 per cent increase on a year-over-year basis.

Toronto and area buyers continue to take advantage of lower interest rates and rising incomes according to the recent Toronto Real Estate Board's report.

The annual growth of 25 per cent in MLS sales outstripping the annual growth in new listings has resulted in the average selling price of a home continuing to grow by 10 per cent on a year over year basis.

We try to include new pictures of Toronto Condos in our Blogs. Pictured above is our recent pictures of CityPlace Condos in downtown Toronto.

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Toronto Downtown Condos Search

Financial District Condo Listings