Report from Moishe Alexander: Toronto Real Estate Average Prices
Monday, June 15th, 2009With the Toronto Real Estate starting to grow month over month we are seeing more and more comparisons to average prices.
True, the month over month statistics show an increase in resales from January 2009. This is good because we sense at the very least a direction of the entire Real Estate Market both for the City of Toronto and the GTA as well.
It gives homebuyers and home buyers a sense of direction and this can definitly help in the purchase or selling of a home. Even different neighbourhoods will hold up their value even in a down Real Estate Market.
We like to follow Toronto Condos in certain Central Districts to do just that, find a direction the resales are taking not only in price but sales as well. We picked the bigger districts with the most sales top give a rounder view of the “averages”. A smaller Central District with just a few resale Condos in Toronto would give a different picture than another Central District with 700 sales.
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