Toronto Downtown Condos Average Price-May

The Toronto Real Estate Board reported 10,046 combined residential sales, up 6 per cent from May 2010..

 The number of new Toronto MLS listings at 16,076, was down 15 per cent compared to last year.

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 Average Toronto home price was $485,520, up 9 per cent from May 2010. Single-detached homes recorded the highest rate of price growth in the City of Toronto

 Average prices for Toronto Condos in the Central districts, we follow(the largest) were mixed, with several areas showing positive gains from the same period a year ago.

 For more information on  Toronto Downtown Condos contact me here.

 The price breakdown of  the average Condo prices in several Toronto downtown and Central Real Estate districts were as follows:

Note:  C09 Condo  results $556,198 May 2010, $875,882 May 2011, up 57.5% in average price. Will include C09 in next months update.

The reason for such a big price increase in C09 ? A lot of  brand new luxury Condos in the Yonge/Eglinton area have just come on the resale Market.

Pictured above, The Festival Tower Condos for sale or rent.