Fewer unsold high-rise homes

Overall, home sales were up 3.7 per cent over last year, but 44 per cent lower than the 10-year average. Year-to-date sales of new homes were at their lowest level in a decade, with a total 16,775 units sold by the end of August. There were 28,275 new units left unsold, which was still well within the 25,000 to 35,000 historical norm, Hurst said.

Low-rise prices at record high

Prices of low-rise homes reached a new record high in August of $658,938, an increase of 8.1 per cent over a year ago. The prices of high-rise homes remained flat, rising only 0.1 per cent in the past year to $436,789.

Read More @ http://www.cbc.ca/

What’s Sold for $1,265,000 ?

CABBAGETOWN – 66 Winchester Street

3+1 bedroom, 4 bathroom semi on a 20 x 100 foot lot in Cabbagetown.
This house was listed at $1,249,000. It sold for $1,265,000.
By the way, this is paort and percel of the $1,265 package …
But it’s just cosmetic, right?
Photos source