Written by Jason Lau Friday, 14 December 2012 18:45
The market trends have looked promising for Toronto condos in recent years, however, it seems as though the peak has been reached and is starting to dissipate, according to the latest statistics. In September 2012, sales started to drop, indicating a 34% decline compared to August. This occurred, even though the housing sales were higher than expected. Condo prices have increased steadily and slowly over the past few months, but now new condominium apartments are showing signs of a drop.