Reference: Canadian Real Estate Wealth
October 19, 2015
Condo sales in the Greater Toronto Area have increased by almost 11 per cent year-over-year during the third quarter of 2015. Toronto Real Estate Board president Mark McLean says there were 6,586 sales of condos in the quarter with new listings on the MLS and active listings also increasing. He is expecting the trend to continue to year-end, setting a new high: “The condominium apartment market segment has been a key contributor to overall growth in GTA home sales this year. With continued sales growth expected in the fourth quarter, we are on track for a new record in condo transactions through TREB’s MLS® System this year.” Prices were also higher with the average selling price for condo apartments up by 5.4 per cent year-over-year and the median selling price up by 4.4 per cent.
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