real estate toronto

Toronto housing prices now fastest growing in the world

Toronto's real estate market is a pretty scary place these days. Prices seem to be going up and up, so it's not really surprising that a new report out of Sydney, Australia (another city with prohibitively expensive properties) says we have the fastest rising house prices in the world.

According to data compiled by CoreLogic for Australia's Daily Telegraph, Toronto's median home price grew 19 percent over the past year - Sydney's grew 18.4 percent.

As the Huffington Post points out, many Canadian real estate organizations measure average (or mean) selling prices.

In February 2017, the average selling price for a Toronto house (including detached, semi-detached and townhouses) was $875,983, up 27.7 percent since February 2016.

The annual home price increase analysis out of Sydney looked only at cities with populations over one million.

Lead photo by

Michael Muraz


Join the conversation Load comments

Latest in City

The history of Markham's massive Cathedral of the Transfiguration

The surprisingly radical history of that church they built the Toronto Eaton Centre around

Bluffer's Park is home to the only beach along the Scarborough Bluffs

This is what three of the biggest new subway stations will be like on the Ontario Line

The roof at the Rogers Centre is open and people have thoughts on what it could be used for

Shoppers are lining up outside Toronto retail stores and you should stop judging them

Toronto couple picked up 6,000 garbage masks and gloves and they're not happy about it

Toronto Police rescue dog found running along the Gardiner Expressway