Real estate in Canada's largest city continues to boom, with this summer breaking sales records month after month.
Toronto resale is up 11 percent compared to last year at this time.
These conditions are great news for sellers, who now will have the upper hand at the negotiating tables. Average prices are near $366,000.
Unfortunately "most first time buyers have little option but to purchase lower priced condominiums," though this has had a much needed effect in reducing that set of inventory.
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Published: September 27, 2007
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