Coolest Condos Going Up In Toronto (2015)
The 2015 average selling price for homes of all sort — including condos and detached houses — was $622,217, up 9.8 per cent from the previous year. The Greater Toronto Area and other parts of southern Ontario have experienced stronger demand than most Canadian markets — outdone only by parts of British Columbia in the Greater Vancouver and Lower Mainland areas. The Toronto Real Estate Board says sales in its area would have been even higher than they were if there had been more properties available and there's still pent-up demand that will carry over into this year. "TREB will release its official 2016 outlook later in January, but suffice to say that the demand for ownership housing is expected to remain very strong in 2016," said Jason Mercer, TREB's director of market analysis. The group says it will release an outlook for 2016 on Jan. 18.