Toronto Home Prices, Gta Home Prices

Toronto home prices have seen the same ups and downs as home prices throughout the nation over the past couple years

. While they saw a significant increase up until 2007, Toronto home prices fell throughout all of 2008, and much of 2009. However, the summer months are proving to be winners as home prices have leveled out for the most part.

As well, prices have not decreased as much as home prices in other parts of the country, most notably in the Western half of the country. The average selling price for a home in Toronto is around $375,000 as of May 2009, but prices have been steadily rising throughout the year. As well, the bulk of single-family homes sold in Toronto have been single-family detached properties, in the $300,000 to $400,000 dollar range.

If you are selling, this is a good stat to keep in mind, as you are likely to sell your home quicker if you are in this price range. If buying, this is important too, because it is unlikely that the home you find for much more that $400,000 will sell before dropping in price some.

GTA home prices have remained relatively similar to what they were at this time last year. Because of more sales, and fewer listings, the market has tighter conditions, which is helping to push the average selling price up.

However, conditions in the resale market have improved readily, making this a good time to consider selling your home. More people are starting to look, as they feel more and more confident about the status of the economy. If buying, this is also a great time to be looking, because there are still great deals to be found, and people are willing to negotiate.

Log on http://www.torontohomeprices.ca or http://www.gtahomeprices.ca to know more!

by: Andrey

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