toronto real estate

Toronto breaks another real estate record

It was a crazy year for real estate in Toronto, so it should come as no surprise that we've surpassed yet another record for the GTA. This time, it's for the number of homes sold by Toronto Real Estate Board (TREB) members - 101,299 to be exact.

That's up 9.2 percent from 2014. "If the market had benefitted from more listings, the 2015 sales total would have been greater," said TREB president Mark McLean in a news release. "As it stands, we begin 2016 with a substantial amount of pent-up demand."

The TREB notes that the average price for all Toronto-area homes, including condos and semi-detached and detached houses, is $622,217, a 9.8 percent increase since 2014.

According to a Canadian Press report, the TREB will release its outlook for 2016 within the next few weeks.

Photo via our House of the Week.


Join the conversation Load comments

Latest in City

People are rallying around a Toronto mother and son threatened with eviction

As many as 6 break-ins as a second Toronto neighbourhood falls victim to crime spree

Here's what experts are saying about a 4th wave of COVID in Ontario

Doug Ford is facing more family legal issues

Toronto police lay charges after busting 150-person party

You can join a bunch of very happy cows on a livestream from this Ontario sanctuary

40% of people in Toronto say they would pay to work remotely out of a coffee shop

It looks like the stay-at-home order in Ontario may be extended yet again