According to a report released today by RE/MAX Ontario-Atlantic Canada, apartment for sale Toronto prices were on the upswing in the first six months of the year in the 59 TREB districts examined with 61 per cent reporting double-digit increases.
The top performing condominium market in terms of price appreciation was Danforth, East York was with values up 28.2 per cent to $222,421 and the increase is significant compared to the same period in 2009, however, it’s a more moderate 15 per cent ahead of the $195,019 reported in 2008. Yorkville gained second spot in real estate for sale Toronto, with a 22.6 per cent increase in values, bringing average price to $653,745, a serious up tick over the 2009 level of $553,302 but only a nominal 5.6 increase over 2008’s $619,151.
Meanwhile, Markham took third place with an increase of 22.1 per cent to $332,590 over the 2009 figure ($272,316). In news of interest for those who buy apartments Toronto, Bayview Village (C15), Toronto’s newest condominium corridor saw a 19.6 per cent increase during the first half of the year.
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