Toronto condos defy overall real estate market slump

[ahlam1399]

http://img-s-msn-com.akamaized.net/tenant/amp/entityid/AAoP9ci.img?h=100&w=100&m=6&q=60&o=f&l=fThe condo is continuing its ascent of the Toronto area real estate market with the average price of re-sale apartments *****ing the $500,000 barrier in the second quarter this year.The average condo cost $532,032 ? 28.1 per cent higher than the second quarter last year, according to a report from the Toronto Real Estate Board (TREB) this week.In Toronto, which accounted for 72 per cent of second quarter condo sales, the average price was $566,513.Prices climbed as sales dropped 8 per cent in the same period and the number of listings increased less than 1 per cent.Their relative affordability makes condos attractive to many households,...

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