GTA condo sales down, but prices continue to soar in third quarter.

Original article via BNN. Click here to read.

 

Condominium prices in the Greater Toronto Area soared in the third quarter while sales and listings dropped, according to new data released by the Toronto Real Estate Board.

The average selling price in the quarter was $510,206, up by 22.7 per cent from Q3 in 2016, according to the figures published Monday.

TREB says there were 5,684 condo sales in the quarter, down from 7,991 sales reported during the same period in 2016. Listings were also down by 10 per cent year-over-year to 9,845, compared to 10,967 in the third quarter of 2016.

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