On May 6, 2014. I was asked to comment on the average home prices in Toronto. It’s important to understand that the figures in this report are slightly skewed. $965k for a Detached home in the 416 in April 2014. This is a small sample size of the whole GTA, and not all sales to date this year. Supply for Detached homes was actually down 14% in Toronto (416) than this time last year….meaning less homes, more competition. There are still detached homes available for MUCH less in the city.
Click on the image above to watch the video.