10 May 2016
Ken Ramsay

Toronto's Condo Market Is Stronger Than Ever

Each of the past 12 months, the Toronto real estate market has seen record breaking sales, with one month after the next crushing the previous month’s sales numbers. It’s nothing new to announce that April 2016 has done it again, surpassing the previous month with 12,085 sales. However, what is interesting in Toronto this past month is that detached home sales volume decreased by 4%, semi-detached houses were down 10.8%, and townhouses were down 2%. What does this mean? The condo market was a sales increase in Toronto condos of 17.4%! This is the biggest increase since June 2015. Is this a one-time deal or will this become a trend? It will be interesting to find out!

If you're interested in specific statistics for your neighbourhood or street I'm happy to provide it. Contact Ken Ramsay at 416-906-8366.