February was a surprisingly strong month for real estate in Toronto. Usually with our deep cold sales can really dip.
Below is The February update by Jason Mercer at the Toronto Real Estate Board with regards to market activity.
Have a listen it’s just a couple of minutes.
The big news in the market is that detached homes have moved into the over a million dollar mark. Don’t despair. This sort of things happens whenever there is a very high end sale in Toronto usually in the $10 million dollar range and it shifts the whole median price range of the market up in Toronto. This again is the case. However even without this factor detached homes now average in the $900’s.