Toronto House and Condo Sales: A Tale of Two Cities
In July 2015, sales of detached and semi-detached houses in the 905 area of Toronto rose sharply as compared to July 2014. The reverse was true in the 416. Condominium sales in the 416 spiked as the scarcity of low-rise inventory in the city centre drove Buyers into condos or out into the 905. This “tale of two cities” is expected to carry on into the fall.