A Record Breaking Year in Real Estate

The Toronto, Mississauga and the GTA experienced many record breaking real estate benchmarks in 2007. Sales transactions for the year exceeded 90,000 transactions - the first time on record.

Condo vs. Home Sales
For the first time, condo sales exceeded sales of single-detached and semi-detached homes and townhouses. New and resale condos are selling rapidly since condos on average are 83,000 less and low-rise homes. Condos are an affordable option as the value of homes slowly increase.

The prices of homes have also hit record prices, as the average price of a home exceed the 400 thousand mark for the first time. The market remains hot, and it’s a great time to sell your home for top dollar or to get into an affordable condo.

Thinking of Buying?
View Right at Home Realty Listings in the Greater Toronto Area