Toronto 2017 Condominium Sales Statistics

 

The WEIR Team is actively involved in Toronto’s Condo Market. Here are some of our latest sales successes:

 

33 Charles St E – Suite 2406

170 Avenue Rd – Suite 811

32 Davenport Rd – Suite 3005

33 Charles St E – Suite 4402 (check out our video fly-through virtual tour!)

33 Charles St E – Suite 805 (rare, two suites joined together)

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 518 (with an amazing terrace!)

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

 

And click HERE to see all of the latest condos the Cameron Weir and Scott Hanton have sold.

 

As for the latest Toronto real estate news…

 

GTA REALTORS® RELEASE Q1 CONDOMINIUM MARKET REPORT

www.TREBhome.com Page 1 of 2 TORONTO, ONTARIO, April 25, 2017 –

 

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported a double-digit annual increase in condominium apartment sales in the first quarter of 2017. A total of 7,251 condominium apartments changed hands through TREB’s MLS® System during the first three months of 2017 – up 21.7 per cent compared to the same period in 2016.

 

Over the same period of time, the number of new condominium apartment listings entered into the MLS® System was down by 18.8 per cent to 9,036 compared to 11,123 new listings a year earlier. “Condominium apartments have historically been the housing type of choice for many firsttime buyers due to the relatively lower price point compared to ground-oriented housing options.

 

Given that more than half of intending home buyers are expected to be first-time buyers in 2017, according to a recent Ipsos poll conducted for TREB, it makes sense that demand for this housing type has remained strong,” said Mr. Cerqua. The average selling price for condominium apartments in the first quarter of 2017 was $489,551 – up 24.3 per cent compared to an average of $393,858 for the first quarter of 2016.

 

The average price was highest in the City of Toronto, at $521,842, representing a year-over-year increase of 24.3 per cent. “Market conditions became much tighter in the condominium apartment segment over the past year, with sales accounting for a greater share of listings. As competition between buyers increased further, the pace of price growth accelerated,” said Jason Mercer, TREB’s Director of Market Analysis.

 

 

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