Toronto Real Estate Prices
The average price of a home in Toronto increased 4.5 per cent to $379,006 in the first quarter, compared with the same period last year. The number of single-family homes sold in the first three months of 2008 dipped to 17,521, compared with 20,463 transactions in the same period last year.
Although less properties changed hands in the first quarter, prices continued to climb. Downtown Toronto led the race with resale house prices in the urban Trinity Bellwood neighbourhood jumping 29.4 % in the first quarter, compared with the same period last year. In Toronto West, prices in the Old Mill area near the banks of the Humber River rose 13.2 % from the same time last year. And to the east, Scarborough Village was the hot spot, with the average price up 11 % . Other trend-defying neighbourhoods include Allenby, Beaconsfield, Hillcrest and Parkdale.
If you are looking for Toronto real estate, then you may begin your search here by using the property search below. If you have any questions regarding any real estate of interest to you or you would like more information about the Toronto real estate prices, please feel free to contact Veronica Key for all of your real estate needs.
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