Toronto Real Estate Market Conditions
May 2006Even as the mortgage rates rise, Toronto real estate market remains very active. Although the number of active listings is higher this year, the percentage of active listings that is sold at any given month still stays above 27%, indicating conditions when the home prices tend to rise.
Home sale prices follow a normal yearly trend. After rising 10 percent over the course of 2005, they have reached an average of $366,683 in April.
Number of active listings remains above last year values, but only slightly, and follows the same trend.
After rising in January, the average time on the market has fallen to below last year's values.
If you have questions about the current state of real estate market in Toronto, please e-mail me. I will be glad to discuss these issues with you.
