|M5V Condos Toronto King St West|
Toronto Home Prices At Record High In MayToronto may have declined a new Casino but the Toronto Real Estate Market continues to defy the odds reaching a record high in prices, surpassing a record set in May 2012.
The average resale price of a Home in the GTA was a record $542,174.
Toronto Condos in the downtown area gained as well by 1.2 per cent to an average price of $372,768.
In the City of Toronto both sales and average price were both up by 3 per cent year over year.
There still is a shortage of homes on the Toronto Real Estate Market with demand from home buyers outstripping supply contributing to higher price growth.
Here is the average price of different Toronto Home prices:
- Toronto Detached Homes-$864,536
- Toronto Semi-Detached-$633,625
- Toronto Townhouse-$463,772
- Toronto Condos-$372,768
Updated & Revised May 2015!
View current Toronto Downtown Condos For Sale.
Pictured above M5V Condos For Sale,Rent.