toronto house price

Average price of Toronto home expected to increase by $100K this year

The Toronto real estate market just keeps rolling like a runaway train. Coming off a record-setting 2016, more of the same is in store this year.

According to the Toronto Real Estate Board (TREB), the average price of a Toronto home is expected to increase from approximately $730,000 to $825,000 over the course of 2017. The rate of increase could be even higher for detached homes, for which supply is extremely low.

TREB also forecasts that the number of homes sold this year will be between 104,500 and 115,500, which is around the same as 2016 (113,133). This number would be much higher if inventory wasn't at its lowest point since 2000, which curbs sales based on availability.

Lead photo by

182 Wanless Ave.


Join the conversation Load comments

Latest in City

Toronto set to see coldest temperatures of the season so far this weekend

Doug Ford trying to speak French is now an internet meme

Ontario vaccine task force member Linda Hasenfratz resigns over Barbados vacation

The history of the Dominion Foundry buildings in Toronto

Toronto Police responded to 11 large social gatherings overnight

Provincial enforcement officers to crack down on restaurants and other Ontario workplaces

Adamson BBQ owner Adam Skelly wants to be allowed to use social media again

Toronto Police and Queen's Park increasing security during Biden inauguration