Alex  Lui

Alex Lui

Sales Representative

Right at Home Realty, Brokerage*

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Condos 2016 Q4 update

On January 26, 2017 Toronto Real Estate Board President Larry Cerqua announced that condominium apartment sales reported by Greater Toronto REALTORS® in the fourth quarter of 2016 were up by 22.3 per cent year-over-year to 6,831. Over the same period of time, new listings were down by 13.4 per cent.  The average one-bedroom condo apartment rent was $1,776, representing an annual increase of 7.4 per cent compared to the fourth quarter of 2015. Over the same
period, two-bedroom rents increased by eight per cent to $2,415.