Toronto Skyscraper Listing
Be advised, that 2011 was a record year for Condo Sales, there were almost 30,000 condo salees in 2011, the average for Toronto is around 18,000 condo units per year sold. - This is not a condo bubble, bursting, it's just Toronto coming back down to it's historic average. Do not be startled. Please
Read more from the Star:
Home sales continue to slide and prices soften, especially in the 416 region, according to the Toronto Real Estate Board, which recorded a 16 per cent decline in sales compared with November, 2011.
Condos took the biggest hit with resale transactions down 25.5 per cent across the GTA and prices down an average of 2.3 per cent. The biggest declines in condo prices were in the City of Toronto, where they were down almost 4 per cent year over year.
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