Toronto Record Sales

The Toronto Real Estate Board reported that in July the average price of resales was up 6% over last July and sales were through the roof. Condo sales in Toronto are on fire! I have not seen this enthusiasm spread to condo life in Oakville for condos over 500K. In my opinion it is only a matter of time before this surge hits the higher priced units and we see high end inventory start to shrink and prices rise. After a tough start to the year the next price change for higher end condos on the market may be UP!

Cheers..Doug Izon P. Eng. Real Estate Broker, Century21 Dreams 905-599-1265; Mortgage Broker, AMP, Centum Total Mortgage Services Inc. Lic # 10646


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