low-rise and high-rise home types throughout the Greater Toronto Area,” said the president of the Toronto Real Estate Board. Some of the main real estate market statistics show that the average home in the GTA sold in 29 days in 2011.
Prices of homes in the GTA are rising yet again. For example, a detached home in the GTA costs 10% than last year selling in an average price of $540,299. Semis went up 11% from a year ago to $454,262. Townhouses were 8% more expensive with an average price of $367,727. Condos prices also rose 8% for an average price of $338,251.
Real Estate sales in the GTA grew 11.1% from a year ago. The number of listings also increased to 9,786, a 14% increase compared to last year.
What about the GTA Housing Market?
“We have seen strong annual growth through the 2011 fall market. The increase in transactions has been broad-based, with strong growth across
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