February 2016 Toronto Real Estate Market figures are out. Click on your neighbourhood of interest for a detailed summary: Toronto | Downtown | East Toronto | West Toronto | Midtown | The Beach(es)
As always, I’m happy to answer any specific questions you may have about your neighbourhood. Call me anytime at 416-690-2181
The overall Toronto market saw an increase of 14.1 percent in average sales price year over year. The average price of a home in Toronto for the month of February was $719,843.
The downtown Toronto Condo market saw a price increase of 25.1 percent year-over-year. More buyers are looking into the condo option because single family homes are simply out of reach for many.
East Toronto prices were up 10.5 percent, the number of homes sold increased slightly year-over-year while the number of new listings remained virtually the same.
Midtown average prices increased 13.2 percent year-over-year.
West Toronto saw a price increase of 19.4 percent year-over-year, while sales volumes and new listings were also up.
The average sales price in the Beaches was up by 11.5 percent year-over-year.
