October Market Update

This years Mississauga and Toronto Real Estate market has been the strongest to date with October numbers confirming that this hot real estate market is continuing. October 2007 sales were up 15% compared to last October and the year-to-date sales have reached a solid 12% increase over the same time last year. Although the new Toronto land transfer tax increase that will come into effect next year might put a damper on this hot market, we can definitely say that 2007 is ending for a strong finish.

The condo market is very strong in downtown Toronto, as many investors anxiously waited the opportunity to purchase a part of the new 80 storey building that will be the tallest in Toronto. Some stood in line for a week to be one of the first to purchase a unit. The prices of the units are currently range from 500k to 8million. Definitely, this hot real estate market continues, as investors are willing to pay top dollar to secure a suite in this new luxury building at 1 Bloor street Toronto.

Planning to make a move? Call Leif Kalaas
Your Right at Home Realty Inc. Realtor