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Not for the faint of heart : Average Toronto home passes $1 million mark in February

The average selling price for all home types was up 14.9 per cent to $1,045,488, an increase from $910,142 in 2020 that was largely attributed to rising prices in the suburban 905 area code that surrounds Toronto. Just last month, the board predicted by the time 2021 ends the average selling price in the region will be $1.025 million, up from an average $929,692 in 2020. Realtors and the board say surpassing that expectation so soon indicates how undeterred buyers and sellers have been by the COVID-19 pandemic and is a sign of how heated conditions have become. When I get a call from a friend or brand new buyer just about to step into the waters, I say Warning: it s not for the faint of heart, said Terry Parkinson, an agent with Royal LePage Signature Realty in Toronto.

British columbiaLisa patelTerry parkinsonRoyal lepage signature realtyToronto regional real estate boardCanadian pressBusiness financeபிரிட்டிஷ் கொலம்பியாலிசா படேல்டெர்ரி பார்கின்சன்அரச தொழுநோய் கையொப்பம் ரியல்டீடொராண்டோ பிராந்திய ரியல் எஸ்டேட் பலகைகனடியன் ப்ரெஸ்வணிக நிதி

GTA housing on fire in February as average price surpassed $1 million

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.

Lisa patelToronto regional real estate boardலிசா படேல்டொராண்டோ பிராந்திய ரியல் எஸ்டேட் பலகை

Greater Toronto housing on fire in February as average price surpassed $1 million | iNFOnews

Tara Deschamps A real estate sold sign is shown in a Toronto West End neighbourhood May 16, 2020. THE CANADIAN PRESS/Graeme Roy March 03, 2021 - 11:08 AM Toronto s housing market soared to new heights in February even as the average home price surpassed $1 million for the first time and the recent buying frenzy intensified. The Toronto Regional Real Estate Board said Wednesday there were more than 10,000 home sales for the month, a 52.5-per-cent jump from February 2020. The average selling price for all home types was up 14.9 per cent to $1,045,488, an increase from $910,142 in 2020 that was largely attributed to rising prices in the suburban 905 area code that surrounds Toronto.

Graeme royLisa patelGreater torontoToronto west endToronto regional real estate boardCanadian pressகிரேம் ராய்லிசா படேல்அதிகமானது டொராண்டோடொராண்டோ மேற்கு முடிவுடொராண்டோ பிராந்திய ரியல் எஸ்டேட் பலகைகனடியன் ப்ரெஸ்

Greater Toronto s Average House Price Passes $1 Million

Things could heat up even more later this year, the real estate board says. Canadian Press Pankaj Brijlani/Getty Images The Toronto skyline as seen from Ward s Island. 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.

Pankaj brijlani gettyLisa patelToronto regional real estate boardலிசா படேல்டொராண்டோ பிராந்திய ரியல் எஸ்டேட் பலகை

Off the charts housing could force feds intervention: Scotia economist

Off the charts housing could force feds intervention: Scotia economist
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Derek holtLisa patelBay streetToronto regional real estate boardGreater toronto areaடெரெக் ஹோல்ட்லிசா படேல்வளைகுடா தெருடொராண்டோ பிராந்திய ரியல் எஸ்டேட் பலகைஅதிகமானது டொராண்டோ பரப்பளவு