Toronto Home and Condo Prices Increase for March

FIVE Condo - Under Construction

Toronto Home and Condo Prices Have Increased further since the past month. with the real estate board saying the number of homes sold last month was up 4.9% compared with the same month last year, but remained below the 10-year average.


The Toronto Real Estate Board Group also says sales in March were up 1 % compared with February, but below a recent peak set last August. Toronto lead local markets in March for price increases, as the supply of real estate continued to remain low and below historic levels. This has caused multiple offers per listing resulting in feverish bidding wards.


The total number of  sales in the Toronto Market are being constrained by a lack of supply despite strong demand in some markets, since Greater Toronto  accounts for a one-fifth of national activity.”

Across the board for Toronto there were 6.3 months of unsold listings at the end of March — down from 6.4 months at the end of March and 6.5 months at the end of January.


Average prices for homes sold in the Toronto Area for  March was $502,819, up 6% from the same month last year.