Growth in Torontos single detached home prices especially strong

Image by Pexels from Pixabay

Toronto’s single-detached home price growth in September was the strongest since 2017, according to the city’s real estate association.

Data from the Toronto Real Estate Board indicated that the market’s benchmark detached price stood at $946,700 in September, which was 3.55% higher than the month prior.

In the City of Toronto, this benchmark went up by 2.74% during the same time frame, ending up at $1,135,600.

These movements accompanied a marked deceleration in the average surveyed rent for recently leased units, which ticked up at the slowest rate in two years according to Urbanation.

Continue to read on: Mortgage Broker News

Want to stay up-to-date on the Toronto Real Estate Market?

If you are interested in the Toronto Real Estate Market then this Report is for you. Released on a monthly basis, our Market Report lets you in on the changes and fluctuations in the real estate market

Subscribe

* indicates required