September 17, 2018
Toronto detached homes might have slipped from highs, but condo apartments pushed higher. Toronto Real Estate Board (TREB) number show condo apartment prices reached an all-time in August. Higher condos prices came with inventory and sales that were mostly flat from last year.
Toronto Condos Hit A New All-Time High
The price of a typical condo in Toronto hit a new record. TREB reported a benchmark price of $505,500 in August, up 9.94% from the year before. The City of Toronto condo benchmark reached $533,600, up 11.6% from last year. The gains show an interesting change in the pattern of prices.
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