From the Toronto Regional Real Estate Board’s Market Watch report:
“Average and benchmark selling prices [in June 2020] were up year-over-year [vs June 2019] for all major home types. The strongest average annual rates of price growth were experienced in the detached and semi-detached market segments in the City of Toronto at 14.3% and 22% respectively. This, coupled with the fact that average selling price growth outstripped growth in the MLS® HPI benchmarks, points to a resurgence in the higher-end market segments.”
In the Greater Toronto Area overall, the following average price increases by home type were measured in June 2020 (year-over-year, vs June 2019):
- Detached: 10.8%
- Semi-Detached: 11.9%
- Townhouse: 9.8%
- Condo Apartment: 7.0%
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