Condo Sales in the last quarter of 2014

By
Real Estate Agent with RE/MAX Condos Plus Corporation, Brokerage

 Condo Sales in the last quarter of 2014

 

In the last quarter of 2014, 4975 condominium units were reported as sold

on the Toronto MLS system. This is an 8.3% increase over the last quarter of 2013.

 

Although the number of re-sale units listed for sale grew in that 2014 time period

and also added to by newly completed units that became available on the market;

the demand for these units was much greater than the supply.

 

The condo segment of the real estate market has not shown any signs of slowing down in the Toronto, ON area. To the contrary, the increased demand and the competition between the buyers has also increased the prices by about 3.8% compared to the same period in 2013.

 

 

It will be interesting to see what happens in 2015,

with even more new units becoming available on the market.

 

 

Posted by

                                                          ------------------------------------------

Real Estate Agent serving clients for the Toronto Downtown and Toronto Waterfront Area.

Residential and Investment Properties.

Rosalind Nicholas, ACCA,SRS,REALTOR®

e-mail:   Rnicholas@trebnet.com     Tel: 416 918 1972

RE/MAX Condos Plus Corporation, Brokerage, Toronto, ON, Canada.

http://www.youtube.com/watch?v=PMuLzqLe72M&feature=youtu.be

 

 

Comments (4)

Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker in DC, MD, VA and attorney in DC

This sounds like a great market! Thanks for sharing information about the Toronto market for those of us down south. 

Jan 20, 2015 12:18 PM
Jon Zolsky, Daytona Beach, FL
Daytona Condo Realty, 386-405-4408 - Daytona Beach, FL
Buy Daytona condos for heavenly good prices

Rosalind - that's a lot of units. Toronto is a huge market compared with us. Thanks for the report

Jan 20, 2015 01:15 PM
Rosalind Nicholas
RE/MAX Condos Plus Corporation, Brokerage - Toronto, ON
Toronto Condo Real Estate Agent, Toronto ON

Lise, you are welcome, thank you for stopping by to comment.

Jan 21, 2015 07:22 AM
Rosalind Nicholas
RE/MAX Condos Plus Corporation, Brokerage - Toronto, ON
Toronto Condo Real Estate Agent, Toronto ON

Yes Jon, Toronto could be called 'Manhattan North" ......

Jan 21, 2015 07:23 AM