The Toronto Condo Market This Week – July 8, 2016

toronto condo market news piece july 8

Price of luxury soars in GTA real estate

$4-million-plus category sees biggest sales volume increase as price of average detached home hits $1.26 million

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Toronto-area home prices climb 16.8% in June

The average price of a home in the Toronto region rose to $746,546 as record-level demand continues.

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GTA condo sales overtake supply

January to April 2016 saw 6,229 condo sales but only 3,892 new units added, according to Altus Group

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Mature neighbourhoods being revitalized across Toronto

Toronto’s urban landscape is changing as mature neighbourhoods undergo exciting revitalization with new mixed-use and residential development.

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Tags condo market update News Toronto condo market

Author: Andrew la Fleur

Andrew la Fleur is Toronto's leading expert on condo investing. Since 2007 Andrew has been sharing his expertise and his insider connections to help hundreds of clients every year to make money by investing in the Toronto condo market. He is the founder of TrueCondos.com, contributor to New Condo Guide magazine, and has been featured in The Toronto Star, The Globe and Mail, and the Wall Street Journal. Contact Andrew directly: andrew@truecondos.com | (416) 371-2333