Market Watch - January 2015

The Toronto Real Estate Market had a very strong start to 2015 with a reported 4,355 homes sold which is an increas of 6.1% over January 2014. New listings were also up by 9.5%. There were a few surprising facts, although i do not believe this will be a trend that will continue throughout 2015:

  • Detached home prices dropped 2% compared to January 2014

  • Semi-detached homes also saw a drop of 3.8%

  • Condo Town home prices continued to climb through 2015 but saw a year over year drop of 9.9% in January 

  • Condo Apartments which is typically the slowest of all markets saw a huge increase in the average year over year sale price of 6.2%

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View the Market Watch for December 2014 here