TORONTO ― The Toronto Regional Real Estate Board says the housing market remained on fire in February with the average price surpassing $1 million for the first time.
The real estate board says February home sales reached 10,970, a 52.5 per cent jump from the 7,193 homes sold in the same month last year. The average selling price was up by 14.9 per cent to $1,045,488, an increase from $910,142 in 2020 as price changes were higher in the 905 area code than in 416.Condominiums led the sales volume, increasing 64.3 per cent but average prices dropped 3.7 per cent to $642,346. Townhouse sales climbed 62.5 per cent and prices increased 17.3 per cent to $858,025.
Semi-detached sales increased 53.1 per cent and prices grew 20.3 per cent to $1,050,820. Detached sales increased 43.8 per cent to 4,943 and prices rose 23.1 per cent to $1,371,791.
Source: Real Estate Daily Report (realestatedailyreport.net)
Is everyone in Toronto friends with trudeau and work for the government? Who else has that kinda cheddar!!
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