Toronto Record Sales

The Toronto Real Estate Board reported that in July the average price of resales was up 6% over last July and sales were through the roof. Condo sales in Toronto are on fire! I have not seen this enthusiasm spread to condo life in Oakville for condos over 500K. In my opinion it is only a matter of time before this surge hits the higher priced units and we see high end inventory start to shrink and prices rise. After a tough start to the year the next price change for higher end condos on the market may be UP!  If  you are getting an incentive from the builder you may find them less attractive soon.

Cheers..Doug Izon P. Eng. Real Estate Broker, Century21 Dreams 905-599-1265 http://www.EyesOnOakville.com; Mortgage Broker, AMP, Centum Total Mortgage Services Inc. Lic # 10646 http://www.TotalMortgageServices.ca

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