The last month of 2007 was a brisk time for condominium apartments. Condo sales made up over 25% of total sales in the GTA, with buyers most interested in properties within the city of Toronto. The average price for a home in December increased by 7% compared to the same time in 2006, to $394,931.

Neighbourhoods that experienced an increase in transactions include North York (57%), downtown east (59%), and Riverdale (75%).

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