In spite of the fact that all reports are that the housing market in Toronto is cooling off, the price of houses just boggle the mind! Homes in Swansea, Roncesvalles, and Parkdale now have an average price of $642,269 and the Scarborough Bluffs homes are averaging $350,580.

In case you thought that it would be easier to get into the real estate market by purchasing a condo, think again. The average price of a condo in

Hoggs Hollow, York Mills, and the Bridle Path is $496,350. Yorkville, the Annex, Summerhill, and South Hill condos average $492,861. It does appear that relative bargains can be had in Humber Heights, Kingsview Village, and Richview where the average price is just under the $200,000 mark. Amazingly, there is great demand for condos in the million dollar range.

To read more about the real estate market in Toronto follow the link below.

http://www.canada.com/nationalpost/news/toronto/story.html?id=3fc149c9-d373-40ba-af43-405af7aae646

For more information on new homes and condos in Toronto follow the link below.

http://www.newhomesandcondos.com/default.asp?M=Magazine&MID=1

Do you own a home in the GTA? If so, are you planning to stay in your home or sell and upgrade or downsize? Are you a condo owner looking to move into a home? How have the real estate prices affected you? If you are a renter, do you feel that you will have the ability to get into the real estate market in the GTA?