The average price for a detached house in Toronto is $1,561,780, at least according to the latest Toronto Real Estate Board’s latest report. For that much money, you should be able to get a whole lot of house, right? Not always. While you won’t be able to buy a mansion for $1.5 million, you […]
Archives for May 5, 2017
Gap widens more between low-rise, high-rise housing prices, availability
The gap between the average costs of newly built low-rise and high-rise homes in the GTA got wider again in January, 2017. A brand-new single-detached house now costs twice as much as a stacked townhouse or condominium: $1,026, 395 to $507,551. The single-detached cost is up 25 per cent compared to a year ago; the condo […]
Lack of homes to drive Toronto prices in 2017
A lack of homes for sale ought to be able to drive Toronto’s sizzling housing market to another year of double-digit price increases, the city’s real estate board told Tuesday. The Toronto Real Estate Board said the average price for all types of housing is forecast to rise to about $825,000 — up from […]