The Toronto Condo Market This Week – November 11, 2016
New condo sales in Toronto soar 73 per cent
There were a total of 6,677 new condominium apartments sold across the Greater Toronto Area (GTA) during the third quarter of this year, according to Urbanation Inc.’s recently released Q3-2016 market results. That amounts to a 73 per cent increase year-over-year, allowing sales to reach the highest level of third quarter activity on record.
Toronto home prices jump in October despite new mortgage rules
The average selling price for all types of homes jumped to $762, 975, leading at least one expert to expect further action by Ottawa.