Of particular note, average price for detached homes in Toronto rose above $2 million and average price for condos rose above $800K, both new milestones for the Toronto Real Estate market.
All home-type segments recorded double-digit growth rates in the ‘416’ area code with increases in average selling prices for detached houses [+23%], semi-detached houses [+13%], townhouses[+24%] and condos [+21%]vs. 2021.
Looking to buy or sell a home in Toronto? Average prices in February were as follows:
➕Detached $2,073,989
➕Semi-detached $1,499,489
➕Townhouse $1,131,809
➕ Condo $822,090