Toronto Condo News: A look at condo property values for Toronto

The Weir Team is thrilled to be the go-to realtors for more and more condo buyers and condo sellers all across the GTA.

Cameron Weir and Scott Hanton love helping condo owners net maximum profits thanks to our tailor-made Gold Package service. It delivers amazing results.

Along with helping so many wonderful condo buyers, check out all of the condos we’ve recently sold across Toronto:

33 Charles St E – Penthouse 4601

33 Charles St E – Suite 3004

33 Charles St E – Suite 1909

33 Charles St E – Suite 1010

35 Hayden Street -Suite 1505

110 Charles St E – Suite 4002

35 Hayden Street – Suite 505

80 Charles St E – Suite 306

80 Charles St E – Suite 305

6 Wellesley Place – TH3

24 Wellesley St W – Suite 407

1001 Bay Street – Suite 1118

15 Maitland Place – Suite 912

If you’re ready to get serious about buying or selling a condo in the area, make sure to contact info@TheWeirTeam.ca for expert condo guidance.

It’s our main goal to deliver amazing results and a rewarding experience for all of our condo buyers and sellers in downtown Toronto.

As reported by the Toronto Real Estate Board: Condo Sales Growth Outstrips Listings Growth in Q2 Toronto, July 18, 2014

Toronto Real Estate Board President Paul Etherington announced robust results for the condominium apartment market in the second quarter of 2014. Q2 sales were up by 10.4 per cent compared to the same period in 2013. New listings were up over the same period, but by a lesser 4.4 per cent.

“Condominium apartments represent an affordable entry point into the market for first time buyers. On top of this, some condo properties cater to households looking to move out of their traditional low-rise home, and we are increasingly seeing households choose condos as the place where they will raise a family. This diversity of buyers explains why sales more than kept up with increased listings in the second quarter,” said Toronto Real Estate Board President Paul Etherington.

The average selling price for condominium apartments in the second quarter was up by 5.5 per cent year-over-year to $367,010. In the City of Toronto, which accounted for 71 per cent of total sales, the average selling price was $392,739, representing an increase of 5.3 per cent. “Even though inventory levels for condo apartments have been higher compared to inventory of low-rise home types like singles, semis and towns, there has been enough demand relative to supply to see strong price growth.

Even as inventory levels increase due to record occupancies in 2013, we should see enough demand to sustain price growth above the rate of inflation in the second half of this year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

For further details and expert guidance on your condo purchase or sale, contact Scott Hanton, real estate Broker for The Weir Team. Email Scott@TheWeirTeam.ca

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