Average price of Toronto detached home shoots past $1 million

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This article is called Average price of Toronto detached home shoots past $1 million. It was posted by Susan Pigg and appeared on The Star website. It was published on March 4, 2015. This article discusses about how the average price of Toronto homes are up to $1 million and it’s the first time in the city’s history according to the Toronto real estate board. In February, the average sale price in the city was at $1,040,018 which established an 8.9 per cent increase at around the same time last year according to the real estate board. The cause of the average price of a Toronto house to rise up is due to the lack of inventory for single-family homes.
 
Reference:
 
Pigg, S. (2015). Average price of Toronto detached home shoots past $1 million. Retrieved from Thestar: http://www.thestar.com/business/real_estate/2015/03/04/average-price-of-toronto-detached-home-shoots-past-1-million.html#


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