February 2013 Marlet News: Sales Down and Prices Up
Sales are off slightly, but the prices are up. That’s the news from TREB.
The pressure is on the “low-rise” market. Fewer listings place upward pressure on the sale prices and consequently the listing prices.
The actual number of sales during the first 14 days of February in 2013 was 8.3% lower than that same period last year.
The sale of condominium apartments is down:
14.4% in Toronto (the 416)
11.6% in the 905
Prices for condo apartments went down by 8.3% in Toronto, yet marginally increased in the 905 by 2.3%
Have a look at the Report from TREB
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