April 2014 Toronto Market Watch

April was a busy month for the W&Y Homes Co. Team and we have had the opportunity to work with numerous sellers and buyers. The latest Real Estate stats show that there is still two different markets in Toronto, one for condos which is more balanced and a continuously crazy freehold market.

New condos listings increased over March 2014 and average days on the market stayed the same but the average price only went up 1.8% for condo apartments but a whopping 14.7% for condo townhouses which we feel is always a good investment for those that can’t get into the housing market.

For the first time in months the average year over year price of a semi-detached house (18%) was higher then a detached house (13.2%) and with the warmer weather there were a lot more listings for buyers to choose from

If you are curious about what your house or condo may be worth contact us at info@wyhomesco.com. The best part is that it is free and there is no obligation.