Big New Condo Glut Coming In 2014
February MLS sales totalled 5,759 houses and condominiums in all the districts. This sales number was about average for the month over the last 12 years but it was 16.3% below one year ago.
Condo townhouses and high-rise suites maintained a 31% share of the market with 1,363 units changing hands.
The February average sale price came just above $510,580 – just 1.6% above 2012.
East of Yonge and south of Bloor in the C08 downtown TREB district, the condo sales price average was $372,000 while west of Yonge in C01 the average was $421,000.
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