Not hype Vancouver real estate? Toronto House prices unexpectedly months go 20%!
Canada Toronto real estate Chamber of Commerce (TREB) Wednesday (5th) released in September, Toronto real estate average price soared from a year earlier to 20.4%, came to an all-time high $755755. 21.5% home sales also rose sharply, to 9,902.
Reflect the local housing market strong heat.
Toronto Downtown single-family homes in September, average selling price jumped 23% over a year ago, prices broke $1 million barrier, came to $1.29 million; Toronto suburb of single-family house prices soared an average of 26.6%, up c $928414.
The other hand, downtown Toronto condo September average price rose by only 6.5% per household, came to $446729; Canada Toronto condos average price was up 19.4% from a year earlier, reaching 367260 CDN per household. TREB notes that Toronto area all major housing types, appeared strong sales growth last month, but a shortage in housing supply in the urban area of Toronto, limit sales gains. All types of house prices adjustment, benchmark house price index September Toronto area jumped 18% over a year ago.
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