Toronto High-Rise and Low-Rise Real Estate Markets are moving well.
Overnight lineups and sell outs of various Toronto projects reflect the demand from first time buyers and also move-up buyers.
Confidence plays a big part in this real Estate turnaround with lower interest rates also helping along with more buyers than inventory.
New Bay Street Condos were increasing at $7.000 per week for several weeks in September at a popular Bay Bloor project.
Figures released by the Toronto Real Estate Board for september showed resales moving forward in resale price and sales.
Projecting ahead, the Toronto average resale price is expected to climb this year by 1% to 2% when prior indications were it was to drop substantially.
The City of Toronto saw sales of 3,341 for September 2009, with the average resale price of $437,182 up almost 11 per cent from September 2008.