The Heat Goes On In The Toronto Market

The rapid acceleration in prices in the Toronto area market continued in March, with the average price over $900,000, up 33% over last March. Eye-popping bidding wars were everywhere, with selling prices routinely going $300,000 or more over the asking price.The Toronto condo apartment market, in particular, surged dramatically, with prices up 33% over last year, the same as detached and semi-detached homes. This continues a trend that accelerated late last year with the imposition of tougher mortgage qualification rules by the federal government, pushing buyers more and more toward condos as their only affordable option.

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The Heat Goes On In The Toronto Market

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