Growth in Torontos single detached home prices especially strong

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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.