Posted by: torontocondo | July 10, 2013

Toronto Housing To See Modest 2013 Home Price Gains

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.

Updated & Revised June 2015!

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

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.


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