Wednesday, 5 November 2014

Five Condos

Construction Update

Toronto Condo Market Report – November, 2014

Toronto Condo Prices have trended up, as new developments also move up with general improvement not only in the Toronto economy, but the nation as a whole.

Condo sale prices have not increased to the same degree as detached family housing, due to new supply coming onstream, detached housing in Toronto stands at nearly 1 million dollars per home.

However fears of a condo bubble, have not proved accurate, as trends move to the upside. There is no Toronto Condo Bubble.

Average Home prices are still up in Toronto, and look like they will continue to rise for the remainder of 2014. Year over year, detached housing prices increased by over 14%. Just amazing.

What to Expect for January 2015

What to Expect for Home and Condo Prices in 2015 in Toronto and the Greater Toronto Area The latest reports on the Toronto Real Estate market predict that the condo prices if left unsupported will fall, due to oversupply.

However, this prediction has been the case for over 10 years now, and nothing has come to pass with regard to any major price drop even with predictions of a correction coming from the world’s largest and most respected financial institutions.

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