Condo market bounces back across GTA after 2013 slump

New condo sales soared back in 2014 from their 2013 slump, with developers across the GTA recording their third-highest level for sales ever, behind the previous highs of 2011 and 2007, according to market research firm Urbanation.

The average selling price of a new condo reached $560 per square foot across the GTA in the fourth quarter of 2014, the strongest rate of growth recorded in two years and up 3.6 per cent over 2013.

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Prasad Ari

Prasad Ari

Sales Representative
CENTURY 21 People's Choice Realty Inc., Brokerage*
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