The average price for a detached Home in Toronto increased to $902,428, an increase of 14.7 per cent year-over-year.
It appears the hot Toronto Real Estate Market is continuing into the Fall with stories of Toronto Homes selling over asking prices as a result of bidding wars right across the city.
With the number of Toronto MLS Home listings down this August and the number of Home sales increasing the Toronto Real Estate Market remains in a seller’s Market.
According to the Toronto Real Estate Board Home sales growth is expected to continue to outpace Home listing growth that will increase year-over-year prices going forward.
Average Home prices in the Greater Toronto Area increased by 8.5 per cent in the first eight months of 2014 to $562,504.
Sales growth in all segments of the Toronto area also increased year over year showing all lot of Home buyers are actively in the Market for a Home.
Let us help you find that new Luxury new or resale Toronto Condominium or Toronto Luxury Detached Home!