Toronto’s resell condo market is strong!
There’s just no other way to put it.
Average asking price is up 17.21%, within the target area, from this same time last year. The average sale price increased by 8.46%. Suggests that sellers may be a little more hopeful than the reality, but should still be good news for anyone considering selling over the next couple of months.
We’re heading into the Fall Market now. I would be preparing for an increase in available inventory… although this increased supply is typically accompanied by increased demand and competition.
I don’t expect this to have a negative effect on pricing or sales.
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Have any questions? Curious what your condo could be worth? Don’t hesitate to ask.