The average price is up, but condos are worth about the same as last year.
In the short-term, many people are moving out of the 416 condos and moving into 905 houses which means there is an opportunity to buy Toronto condos.
How was the Toronto (GTA) market in October 2020?
• GTA homes sold for $968,318 (+13.6% from last year)
• Toronto homes sold for $1,470,857 (+11.2% from last year)
• Mississauga homes sold for $1,239,382 (+5.7% from last year)
• Oakville homes sold for $1,666,600 (+24.4% from last year)
• Toronto Condos sold for $668,161 (+0.8% from last year)
With an average price of $968,318 across the GTA, there was an increase of +13.6% compared to last year.
If you have any questions about the real estate market, please call or text Lawrence at (416) 276-4895.
Lawrence Mak,
Real Estate Broker at EXP Realty
Greater Toronto Area |
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