GTA condo sales near record high

In the GTA, the average asking price for newly built condos rose by 8 per cent to $530 in the fourth quarter of 2010, from $493 in the fourth quarter of 2009.

In the former city of Toronto, new construction averaged $643 per square foot. In the downtown core, it was a lofty $723 per square foot.

Resale condominium pricing was much more affordable, with existing units selling for $374 per square foot on average in the GTA. In the city of Toronto it was $487, and in the downtown core it hit $518.

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http://www.moneyville.ca/article/932540–gta-condo-sales-near-record-high

February 1, 2011/by Mahyar Rezapour

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GTA condo sales near record high

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