In Toronto, condo prices are rising faster than house prices.

Original article via The Spec. Click here to read.

Condo prices in Toronto are rising at a higher rate than the price of houses, a new study found.

According to a report by real estate company Zoocasa, condo prices across the city are up 12 per cent from last year, outstripping the rate of increase for house prices, which went up by just one per cent.

The study found that, as of last month, the city’s real estate board showed that a condo unit in the city went for an average of $615,582, an increase of close to 12 per cent from the same time last year.

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