January 2106 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 9.5 percent in average sales price year over year. The average price of a home in Toronto for the month of January was $636,728.
The downtown Toronto Condo market saw a price increase of 6.4 percent year-over-year. Supply remained fairly consistent and demand (sales) went up compared with January 2015.
East Toronto prices were up 12.2 percent, the number of homes sold stayed steady year-over-year while the number of new listings was down slightly.
Midtown average prices were a whopping 22.3 percent year-over-year. The ‘hood saw one of the largest increase across the city when comparing January 2015 and 2016.
West Toronto saw a price increase of 10.9 percent year-over-year, while sales volumes were up.
The average sales price in the Beaches was up by 25.5 percent year-over-year.
