Market Watch - March 2015

The weather was still cold but the Real Estate Market was hot in March with an overall 11% increase compared to March 2014. Sale were up for all of the major home types, not only in the City of Toronto but in the surrounding regions as well. New listings were up as well by 5.5%. We are seeing it becoming harder and harder for first time buyers to buy in Downtown Toronto, especially when it comes to detached homes where the average price is now $1,042,405 but we are still finding great investment value in Condo Townhouses.