Welcome to Sutton Systems Sign in | Help

Toronto Real Estate Blog - GTA News

Real Estate Updates on Market Trends, House Prices, Homes for Sale in the GTA, Mississauga, Toronto, Brampton, Oakville and Burlington. Sutton Realty Blog, Sutton Mortgage, Contact Sutton 416-896-3333, 905-896-3333 Canada Toll Free 1-800-265-1361


  • Toronto & GTA Real Estate Market Trends, House Prices, Homes for Sale, Sutton Realty Blog, Sutton Mortgage


Toronto Market Condo Report Shows Major Rise in Condo Sales!


Toronto Condo Market Report - Toronto sees 46 per cent increase in $1 million condo sales

There was a 46 per cent rise in the number of condos selling for $1 million or more in the Greater Toronto Area last year. A new report from Sotheby’s shows that sales of all homes above $1 million increased by 38 per cent to 7,527. The realty firm says that the kind of bidding wars more commonly seen for detached houses are becoming more frequent for luxury condos. 

Toronto is becoming more popular with foreign investors as prices are still lower than Vancouver, which saw a 25 per cent increase in luxury sales last year, and downsizing baby boomers are also driving GTA sales, the report says. 

Elsewhere, Montreal’s higher value home sales increased 21 per cent and Calgary saw a rise of 16 per cent.

Looking to Purchase a Luxury Toronto Condo

Real Estate Office 905-896-3333

We Help Landlords To!

Our Top Agents Can Help! 

Top Condo Real Estate Agents - We Help Relocation Clients and Landlords too!

Browse through our Listings at www.SearchTorontoHomes.com and www.iTorontoRentals.com



No Comments

Anonymous comments are disabled