Condo Market

Real Estate Sales Representative with Save Max Real Estate Inc. Brokerage

Strong Condo Sales Growth in Q3 2011

Greater Toronto REALTORS® reported 5,770 condominium apartment transactions through the TorontoMLS® system in the third quarter of 2011, representing a 24 per cent increase over the same period in 2010. The average selling price increased by almost nine per cent to $333,352.

"Condominium apartments have accounted for about one-quarter of total existing home sales in the GTA this year. This share is expected to increase moving forward, as new home sales and construction has become increasingly driven by high-rise construction," said Toronto Real Estate Board President Richard Silver.

In line with new home sales and construction trends over the last few years, condominium apartment completions have been high so far in 2011. When condo projects reach the completion stage, investors and end users whose housing needs have changed often list their units for sale or rent.

"The average annual rate of price growth remained strong in the third quarter, despite the upward trend in completions and active listings. This is because the pace of sales remained brisk, keeping sellers' market conditions in place.

Read more at:


This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
ActiveRain Community
Ontario Peel District Mississauga Mississauga
Blogging & SEO
The Art Of Marketing You
Lead Generation
LinkedIn's #1 Real Estate Investors Group
Virtual Home Staging
condo market toronto area

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?


Sham Pathania

Ask me a question
Spam prevention