The final 2011 Toronto Real Estate figures are in, and this past year turned out to be quite a good year overall. The average price for a Toronto home was also up a healthy 8%, rising to $465,412 from $431,276 a year earlier. 2012 is looking strong as well with Toronto Real Estate Board predicting an average price increase of 4% (to $485,000).
In fact 2011, it was the second highest year on record for sales with 89,347 on the year.
Low borrowing costs combined with lower-than-usual inventory levels are keeping this market healthy. This is good news for both buyers and sellers alike.
You can access in-depth market statistics by following the links below:
www.Century21city.ca/market-reports
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