October 6, 2014
Toronto Home Prices in September 2014 (Infographic)
As predicted, the fall Greater Toronto Area real estate market kicks off with strong sales growth (+10.9%)!. Get the facts in our monthly infographic of sold Toronto home prices in September 2014.
September tells the same story that Toronto has seen for months – active listings are down (-5.1%), sales are up (+10.9%) and competition is strong pushing prices up to an average selling price of $573,676 (+7.7%). Once again, price increases have been up on all major home types with semi-detached homes in the 416 area leading the charge and posting 12.2% growth in price. Notably, September’s condo market saw significant growth in sales not only in the 416 but also in the 905 with sales up an impressive 32.2% pushing the average price over the $300,000 – this is a sign that the condo lifestyle is being embraced throughout the Greater Toronto Area.