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Robert Atkinson

Affiliated Real Estate Agent

Leading Edge Realty Inc., Brokerage*

165 Main Street North

Markham, ONL3P 1Y2

robert.atkinson@century21.ca
Office: 905-471-2121
Office Fax: 905-471-0832
Direct: 416-840-8667
Cell: 416-998-8853
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Homes prices up 8% in October 2011?

 

Home buyers who found it difficult to make a deal in the spring and summer due to a shortage of listings have benefitted from increased supply in the fall which has resulted in a continued upswing in prices.  The average selling price through the TorontoMLS® in October was $478,137 – up eight per cent compared to October 2010.

 

Sellers’ market conditions remain in place in many parts of the GTA. The result has been above-average annual rates of price growth for most home types. Thanks to low interest rates, strong price growth has not substantially changed the positive affordability picture in the City of Toronto and surrounding regions.

Posted by Robert Atkinson on November 7, 2011
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