This may be hard to believe after consistently reading the doom and gloom painted by local and national media about the “over-saturated” Toronto condo market.
Don’t believe me? Well, the Toronto Real Estate Board just posted their most recent stats for April and prices for condos in downtown Toronto are up no less than 5.6% from this time last year.
Condo prices up 5.6% since last year doesn’t sound like the condo crash we are reading about.
So what does this mean for you? Depends who you are of course. If you are thinking of selling your Liberty Village condo, this means you are probably going to be happy with the end result (assuming of course you choose you choose the Camber Walden Group, Liberty Village’s condo gurus to sell with).
There are still a lot of condos available for sale in Liberty Village and “days on market” are still higher than they were a few years ago, however, there is no indication that prices have slipped….to the contrary, they are up 5.6%.
And what about the buyers out there who were looking for deals in a chilly condo market? Looks like you will be waiting for a while longer. Don’t wait too long though. You could be paying 2.8% more (or about $10,000 more for a $350,000 condo) if you wait another 6 months for that deal.
Email or call us to see what’s available or worth buying. Get to know all of Liberty Village’s condos, lofts and townhomes at our fantastic resource for Liberty Village condo buyers.