Toronto Housing To See Modest 2013 Home Price Gains

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Results from a Royal LePage House Price survey show the average price of a Home in Canada increased by 1.2 and 2.7 per cent in the second quarter of 2013.

Survey Results Real Estate Markets across Canada:

  • Detached Homes and Two-Storey Homes increased 2.7% to $416,614 (Detached Home)
  • Condominiums increased on average price 1.2% to $248,750

The survey forecasts modest gains thru the rest of 2013 with a year-end increase of 3.0% compared to 2012.

The Toronto housing market continues to show low levels of inventory along with low-interest rates that lead to modest price increases.

Survey Results Toronto Real Estate Market:

  • Toronto Detached Bungalows up 3.1% year-over-year to an average price of $577,495
  • Standard Two-Storey Home up 2.2% year-over-yera to an average price of $683,241
  • Toronto Condos up slightly by 0.7% to an average price of $366,189

Toronto Home prices of all types are expected to increase by 2.5% year-over-year for 2013.

View the most recent MLS Listings- Toronto Downtown Condos for Sale/Rent.

View the most recent MLS Listings- Toronto Rosedale Homes For Sale and Toronto Forest Hill Homes for Sale.

If you are one of the many potential Toronto Downtown Condos buyers looking for that perfect Condo listings, make sure to contact Iris Li, RE/Max Toronto Realtor to start your search right away.