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.

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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.

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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.

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Midtown average prices increased 13.2 percent year-over-year.

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West Toronto saw a price increase of  19.4 percent year-over-year, while sales volumes and new listings were also up.

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The average sales price in the Beaches was up by 11.5 percent year-over-year.

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