There were 3,214 sales through the TorontoMLS® system during the first 14 days of August, representing more than a 22.5 per cent increase compared to the same period in August 2010.
Revised forecasts for future Bank of Canada interest rate decisions coupled with the recent announcement by the US Federal Reserve, suggest that interest rate hikes in Canada are on hold at least until sometime in 2012. This is a positive for affordability and should help sustain buyer confidence moving forward.
The average selling price was up by almost seven percent annually during the first 14 days of August to $440,150.
www.torontocondosforsalewillywong.com
Company: Your Choice Realty Corp
Phone: 416-712-6387
Email: willy_wong at rogers dot com
