Christine Chan

                                                              Sales Representative

              

           Office: 416-940-3876            Toll Free: 1-800-872-3761 Ext. 398            Fax: 416-298-6602               

July 2009 - Condo Sales Are Climbing

September 2, 2009

Despite a huge slow down in condo market at the beginning of '09, the uprising Real Estate market is bringing Condo Sales figures back to normal. Yet Condo sales are still down from the year before but it looks much healthier comparing to the beginning of the year. For more info please read the article below... 

 

TORONTO CONDO SALES REBOUND

Business Reporter

 

Condominium sales in the Toronto market may have hit bottom in the first quarter of the year, before rebounding in the second quarter according to figures released today.

After three consecutive quarters of negative growth, sales of condos hit 2,963 units in the second quarter, up 223 per cent from the dismal 917 sales in the first quarter of the year according to market research firm Urbanation Inc.

However, the market still has a ways to go before a full recovery. Sales are still down by 40 per cent from the second quarter of 2008. That quarter saw 4,962 sales, just before the market started to correct rapidly as the recession hit.


Tagged with: toronto condos toronto condos market north york condos condos sales in toronto north york
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