Sentences with phrase «detached home prices in the city»

Single - detached home prices in the city of Toronto jumped by 32.3 per cent in a year, and now average $ 1.35 million.

Not exact matches

Jason Mercer, the board's senior manager of market analysis, said the rise in prices was in large part a result of inadequate supply of detached and semi-detached homes in many parts of the GTA, particularly in the city of Toronto.

With a mixture of 2 - storey detached properties from as early as the 1950's, and new build homes from the last 5 years, prices in East Guelph come in at an average of 10 - 15 % less than the city - wide average.

Renting out a portion of your home has become more common in major cities like Vancouver, where the average house price is above $ 700,000 and many people can not afford a single detached home on their own.

The average price of a detached home in the City of Toronto hit $ 1,573,622, 29.8 per cent higher than a year ago.

But, as you are by now well aware, this is entirely a two - city story, with benchmark prices in Vancouver flaring 29.7 % year - over-year in the month (including a nosebleed - inducing 37 % year - over-year rise in detached homes), while Toronto prices are up 15 % year - over-year.

Detached homes in this area sold for as much as 10.4 % ($ 98,490) less than the city average, and semi-detached homes in this school district sold for prices 14 % ($ 93,306) below the Toronto average in 2014.

While both areas are cheaper relative to some of the surrounding areas, prices in River Heights cost almost 20 % more than a single family detached home in the city.

The market recovery in September in the GTA was driven primarily by buoyant sales of detached homes in the City of Toronto, where prices climbed 13.8 per cent in September compared to August.

Canada's condo boom continues to surprise, with groundbreaking in Toronto still going strong even as prices of detached homes in Canada's largest city slump, but recent rate hikes and rent controls are likely to cool condo prices by 2018.

Existing home prices continue to grow in the city with the average price of a detached home up 20.7 per cent in July from a year ago to more than $ 1.2 million.

New statistics from the Toronto Real Estate Board released Wednesday show the average price of a detached home in the city reached $ 1,040,018 in February, the first time prices have crossed over the seven - figure threshold in any housing category.

For example, average price now approaches $ 400,000 in the Greater Toronto Area, while the starting price for a detached home can be as low as $ 300,000 in areas east and west of the city.