July 2017 Toronto Real Estate Market Report
The Toronto Real Estate Market continues to retreat from the peak of April 2017. The question is whether this is normal course summer time lull or actually a market slowdown. The 905 area has seen higher declines and lower sales volume whereas homes in sought after neighbourhoods in central Toronto sell very quickly and often will multiple offers. The hottest area of the market is condominium sales as that is the most affordable section of the market. The rental market continues to be tight with multiple offers on apartment rentals. The average lease price for a bachelor apartment in central Toronto is $1600 and the average lease price for a one bedroom in central Toronto is $1800. The entertainment district can see one bedrooms fetch $2400.
For full details on the Toronto Market please link to the Chestnut Park Market Report Toronto Real Estate Market Update July 2017