Another month of surprises… the average home prices in Pickering, Ajax and Whitby were all above that of Toronto!
Just remember that Toronto’s overall (all home types) average home price is being weighted down by the dips in price being seen in many condo apartments… and Toronto has a lot of condo apartments. When you look at the prices of detached homes separately, for example, you will see that the average home price of detached homes in Toronto was higher than that in Pickering, Ajax and Whitby. It’s just that the proportionate weight of the detached homes in Pickering, Ajax and Whitby weighted their overall (all home types) average home prices to be more than that of Toronto’s.
For perspective, check out the average home prices of DETACHED homes in January 2021:
– Toronto: $1,581,400
– Pickering: $1,239,939
– Ajax: $1,104,842
– Whitby: $1,060,852
Questions? Call or text me at 416-725-3544.