If you’re looking to buy a home in Toronto all we can say is good luck.
Thanks to the Toronto Real Estate Board’s release on September’s housing prices, the prospect of buying a home in Toronto just got even more depressing.
Somehow, against all our hopes and prayers for the opposite, the price of Toronto homes went up TWENTY PER CENT in the last 30 days when compared with Toronto home prices in September 2015.
“We continued to see strong demand for ownership housing up against a short supply of listings in the Greater Toronto Area in September. 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 average selling price of a Toronto home was up 20.4 per cent year-over-year to result in that value price equalling $755,755 for September 2016.
Below you’ll find the Toronto Real Estate Board’s September 2016 data:
- Move over Vancouver, Toronto is now home to Canada's hottest real estate market
- This is how much it currently costs to rent a 1-bedroom and 2-bedroom apartment in Toronto
- Home ownership in Toronto now harder than any point in past 25 years: report
- This is what your salary needs to be to buy a house everywhere in the GTA