Monthly Archives: March 2013

GTA Market Update – March 16, 2013

Toronto Home Sales 2013

Toronto home prices on target

The first two weeks of March showed typical spring real estate activity in Toronto and the GTA. In most older Toronto neighbourhoods, 30% to 50% of house sales went over asking. The stats for suburban areas and in the condo market were more modest but still showed healthy price levels.

Average sale prices (shown in the chart above) seem to be on target for a normal season. Monthly and weekly variations are often caused by weather and other fluctuations. The average sale price for all types of homes in the GTA was close to $530,000 in the first two weeks of March.

If you’re considering a move we’d be glad to help you plan out your options. You can email us, or feel free to call James and Joanne at 416-483-8000.