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| Toronto Condos Yonge Bloor |
Home sales were higher in 2011 ending up 2.2 per cent higher with 457,000 resales compared to 2010.
The Canadian Real Estate Association was expecting fewer homes sold on Canada's MLS® service.
CREA stated that the momentum of resales across the country remain in positive territory but they see the market beginning to slow.
They see low interest rates supporting home sales activity and also supporting house prices, making them more affordable.
Toronto and Vancouver continue to drive the increase in annual home sales but both see average home prices lower than December 2010.
Toronto Condos will again lead the new home sales for 2012 with many new projects under construction with even more new Condos on the way.
Related:
Yonge Bloor Condos For Sale/Rent
Toronto Homes For Sale-Rosedale
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