02 Jun Toronto Condo Prices Hit A New All-Time High, But You’re Going To Want To See This Chart – Via Better Dwelling
Toronto Condo Prices Hit A New All-Time High, But You’re Going To Want To See This Chart -Via Better Dwelling
Buyers pushed Toronto condo prices to new heights. Toronto Real Estate Board (TREB) numbers show condo prices hit an all-time high in April. Generally speaking, the market saw higher prices, while inventory climbed and sales dropped.
Toronto Condo Prices Surge To An All-Time High
The benchmark price, a.k.a. the price of a typical condo, reached an all-time high. The benchmark is now $495,600 across TREB, a 10.17% increase compared to last year. In the City of Toronto it rose to $523,000, a 12.35% increase compared to last year. This is the 7th monthly increase for prices, and the 5th consecutive all-time high.
Toronto Benchmark Condo Price
The price of a “typical” condo apartment in Toronto…