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GTA is the Place to Be!

September 27, 2012 by  
Filed under Special Features

GTA is the Place to Be!Over the past three years, housing prices have appreciated in the vast majority of regions across the country. This solid growth has generated a general worldwide consensus that Canada’s real estate market is safe and sound.

Toronto’s market fared notably well during this period. When compared to August 2011, selling prices for August 2012 increased nearly 6.5 per cent to an average of $479,095 per home. This substantial growth was propelled by the city’s low-rise home segment, which includes a 15 per cent price increase in single-detached homes.

Overall, sales may have been down this year in the GTA, but new listings were as well. Accordingly, market conditions held firm due to Read more