Sentences with phrase «gta home price growth»
GTA home price growth was driven by the low - rise segments of the market, but condominium apartment price growth was generally well - above the rate of inflation as well through 2015.
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During the quarter, the strongest growth continued to come from outside of the downtown core, with all GTA sub-regions outpacing home price appreciation in the City of Toronto.
In the Greater Toronto Area (GTA), Ontario, in the fourth quarter of 2016, the aggregate price of a home in the region rose 16.1 % to $ 720,761 year - on - year and, unlike Vancouver, are set to continue strong growth throughout 2017, says Royal Le Page.
The sustained lack of inventory in many neighbourhoods across the GTA continued to underpin high rates of price growth for all home types,» said Mr. Cerqua.
«The strong year - over-year price growth we experienced in February points to the robust demand for ownership housing in the GTA, coupled with a constrained supply of homes for sale in some market segments, especially where low - rise home types like singles, semis and townhouses are concerned,» said Jason Mercer, TREB's Director of Market Analysis.
«Tight market conditions, especially for singles, semis and town homes in the GTA, have resulted in strong price growth regardless of the price metric being considered.