Average Price of Detached Home in Toronto now over One Million

Average detached home price in Toronto now over 1 million dollars

 

For the first time ever, the average selling price of a detached home in Toronto passed the one million dollar mark to $1,040,018, and sales are up 16.9% year-over-year.

If you bought a detached home in the 416 area code a few years ago, you must be smiling ear-to-ear!

The Toronto Real Estate Board recently published data for the month of February 2015 for the Greater Toronto Area (GTA).

The report breaks down the data for Toronto (416 area code) and the surrounding municipalities (905 area code).

The GTA is defined as the central city of Toronto, and the four regional municipalities that surround it, namely: Durham, Halton, Peel, and York.
Click here to read more and to view the map.

 

 

BREAKING DOWN THE NUMBERS (FEBRUARY 2015, TORONTO REAL ESTATE BOARD):

Average price of a detached home in the GTA: $782,166 (+8.9%)

  • 416 area code: $1,040,018  (+ 8.9%)

  • 905 area code: $694,285     (+ 8.5%)

Average price of a semi-detached home in the GTA: $549,447 (+8.1%) 

  • 416 area code: $702,035 (+4.9%)

  • 905 area code: $474,292 (+11.6%)

Average price of a townhouse in the GTA: $451,059  (+3.3%)

  • 416 area code: $507,843  (-7%)

  • 905 area code: $433,127  (+8%)

Average price of a condo apartment in the GTA: $355,623  (+2.4%) 

  • 416 area code: $369,655   (-0.09%)

  • 905 area code: $322,055  (+10.9%)

 


If you have any questions about the GTA or are thinking of buying or selling a house in the Greater Toronto Area, call me!  I’m here to help you. 

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About sarakareer1

Sara Kareer, Realtor ASA RE/MAX Realty One Inc., Brokerage Office: 905-277-0771 Toll Free: 1-866-279-6638

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