Homes continue to trade hands at a faster clip in the Toronto real estate market, pushing prices up another 6.5 per cent in September to an average of $533,800 across the biggest market in the country.
A total of 7,411 homes were sold through the Toronto MLS system in September – a 30 per cent increase from last year when tighter mortgage lending rules were still hampering sales activity.
The spike in sales helped push the average price of a house in the Greater Toronto Area to $533,797, the Toronto Real Estate Board said in a release on Thursday.
Low-rise homes such as detached and semi-detached houses as well as townhouses led demand, with prices improving in three housing types. The condo market meanwhile – the source of some concern for industry watchers – cooled in September with prices slipping 3.7 per cent in the metro centre of the city.
“The price growth story in September continued to be about strong demand for low-rise home types, coupled with a short supply of listings,” Jason Mercer, senior manager of market analyst at TREB said.
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Anyway, here is some tips to get into the awesome Canadian real estate market …
Best Way of Finding Toronto Luxury Homes
Toronto is a very beautiful region that is found in Canada. This region has the most attractive Toronto luxury homes that have been modified in the modern technology by skilled architects. These homes come in various sizes, designs as well as prices to suit different people.
In Toronto there are numerous Canada real estates where honorable people live. These homes are very comfortable with the way they are constructed and every one would love to own a piece. Finding these hones is very easy as internet contains all the necessary detail needed. Those who are willing to buy the Toronto luxury homes can just log on to the internet where they can get short listed homes of their choice.
There are many property brokers in Brampton who deal with Mississauga Condos for sale. These brokers are very good in selling these properties as they take clients all round the homes and estate to make sure that the clients are satisfied. These brokers are the best to deal with when it comes to searching for the best home. This is because clients explain to them the kind of home they want one on one making it easy to get the best home a client wants.
Mississauga Condos for sale is negotiable in prices when dealing with property brokers in Brampton. Clients are advised to deal with these people for them to buy the Toronto luxury homes at affordable and manageable prices. These brokers can be found around Canada and one can use the internet to easily locate them.
The Real estate in Toronto – An eye opener
Derek Cardona video blogs about the week of January 23 to January 29, 2011 in the Etobicoke real estate including the area of The kingsway, The queensway, Hu…
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