Real Estate News

Toronto House Prices Jump Again - How Long Can This Last?

Toronto House Prices Jump Again
Huffington Post Canada

The experts keep saying a real estate juggernaut like Toronto’s can’t go on forever, but if numbers from Toronto’s real estate board are to be believed, this beast just won’t die.

House prices in Toronto have jumped 8.4 per cent on average since the start of the year, the Toronto Real Estate Board says in its latest report. Sales for the year so far are up 6.6 per cent compared to 2013.

The average price of residential real estate in the Toronto area hit $577,936 in October, but single-family homes saw larger increases than other types of property.

A detached house in the city of Toronto now averages $935,122, up 9.4 per cent in a year. (It briefly hit $1 million in the spring, when there was a rush of high-end home sales.)

Continue to read on Huffington Post

Share this News

Share
T
Team Bahmani
Team Bahmani
Do you have questions?
Call or text today, we are here to help!