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.