Toronto Luxury Real Estate: October 2019 Market Update
The Toronto October real estate market showed strength in both the number of sales and the average sales price year over year. Semi-Detached homes have shown a 7.1% increase year over year outperforming detached sales (+1.1%) significantly. Condominium Apartment were up 4.4% as that is the most affordable form of housing in the central Toronto. The bulk of those condominium sales taking place in downtown Toronto.
There have been a few significant luxury sales in both The Annex and Rosedale neighbourhoods, some of which sold off the MLS system. We continue to have a shortage of quality product in Rosedale, Annex and Forest Hill putting upward pressure on those prices. The buyers are looking for turn key with good walkability. For further details on these recent sales do not hesitate to contact me. I am happy to provide a Current Market Evaluation to understand the value of your home.
Please watch Chris Kapches, President and CEO of Chestnut Park Real Estate October 2019 Market update for further details.
Helen Braithwaite, Real Estate Representative, Chestnut Park Real Estate Limited
Chairmans’s Award 2017,2018