Seemingly no brakes on the Toronto condo price train.

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In its latest data release, the Toronto Real Estate Board stated that the average selling price for condominium apartments went up by 17.9% on a year-over-year basis in the fourth quarter of 2017, up to $515,816. “While this annual rate of growth was down from earlier in 2017, the condominium apartment segment was still the leader in terms of price growth in the second half of the year,” TREB said in its release. TREB president Tim Syrianos also announced that brokers in the Greater Toronto Area reported 5,773 condominium apartment sales through the Board’s MLS® System in that same quarter. This volume was down by 15.4% compared to the last three months of 2016.

Source: mortgagebrokernews.ca Click here for rest of article.

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