Toronto Real Estate Board reports a 13% increase in sale prices
The Toronto Real Estate Board reported that sale prices are up 13%….The average sale price was $437,600 in April 2010 compared with $385,641 in April 2009. Resales jumped 34% from last year April… and new listings jumped by 59%… Source National Post.
These figures could be viewed many different ways…. if listings are up, will the supply outpace the demand? Or are homeowners just doing some profit taking? Good topic for discussion…. We need to add in affordability to this mix… We’ll cover this further in the coming months.
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Steve Garganis View All
As an industry insider, Steve will share info that the BANKS don't want you to know. Steve has appeared on TV's Global Morning News, CBC's "Our Toronto" and The Real Life TV show. He's also been quoted in several newspapers such as the Globe and Mail, The Toronto Star, The Vancouver Sun, The Star Phoenix, etc.
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