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The Toronto Condo Market This Week (December 11, 2015)

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toronto condo market news piece december 11

Real estate prices to keep rising in GTA

House prices in the GTA will continue to soar next year, according to RE/MAX realtors.

These were Canada’s biggest real estate stories of 2015

here were calls for a Canadian housing market correction last year, but in 2015 they reached a fever pitch. That was among the major stories — others included foreign investment, Bank of Canada interest rate adjustments, and the dominance of the Vancouver and Toronto markets — that shaped real estate conversation in Canada over the past 12 months.

Toronto condo prices could skyrocket 40 percent, predicts major developer

According to data released by the Toronto Real Estate Board on Thursday, the average selling price of a condominium in the City of Toronto (specifically within the 416 area code) was $415,316 during the month of November. That figure represents an increase of 5.4 percent from the same month in 2014.

2015 is already the best year on record for GTA home sales

Home sales in the GTA have already surpassed last year’s total and broken the annual sales record set in 2007, the Toronto Real Estate Board (TREB) said today.