Toronto Star: Condo prices rise 25% despite decline in sales

Condominiums are buoying the GTA’s new-home market, with prices ahead by 25 per cent, year over year in May, to $758,370 despite a drop in sales, says the association that represents homebuilders. The price of new single-family homes, meanwhile, continued to slide amid higher interest rates and government measures aimed at cooling what had been a frenzied and overheated market. The price of single family homes in the GTA was down 6.4 per cent in May over the same period in 2017 to $1,144,191 and dropped by just less than 1 per cent from the previous month. Read More...


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Mississauga Real Estate Board
3450 Ridgeway Dr #1
Mississauga, ON L5L 0A2, Canada
Phone: 905.608.6732
Fax: 905.608.9988