Toronto Condo Market: 4,207 condo resales during the quarter, up 23 per cent. The average price of a resold condo increased by 1.5 per cent during the last year to $413 per square foot. That works out to a price of $366,000 for an average 887-square-foot condo.

Toronto Prices are headed for Stability .

A separate set of numbers from the Toronto Real Estate Board also released Wednesday shows that the average price of a resold condo (not a new one) was $384,441 in the city's downtown core in October. That's up 7.2 per cent from last year. Resale condo sales were also sharply higher, up more than 20 per cent last month to 1,347, TREB said.

That's in keeping with Urbanation's quarterly numbers, which show that there were 4,207 condo resales during the quarter, up 23 per cent. The average price of a resold condo increased by 1.5 per cent during the last year to $413 per square foot. That works out to a price of $366,000 for an average 887-square-foot condo.