Home prices in the Greater Toronto Area have continued to soar, with the average selling price hitting $1,090,992 in April, a 33% ascent from last year’s $820,226, according to the latest figures from the Toronto Regional Real Estate Board (TRREB).
Detached dwellings continue to lead the market, registering a 41% price growth year-on-year to $1,387,629. Median prices for every other home type also increased during the period, with semi-attached houses posting a 24% jump to $1,068,923, townhouse prices up 26% to $857,574, and condo prices climbing almost 20% to $691,791.
However, the TRREB also noticed a slight slowdown in price growth, with home prices remaining relatively flat between March and April, which chief market analyst Jason Mercer said could continue in the foreseeable future. #SANDI HALPERN # LEASED # SOLD # REAL ESTATE MARKET
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