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 the Little Italy neighbourhood in Toronto

Lonely woman who moved to Toronto starts website to make friends

10 ideas for celebrating Halloween at home in Toronto

Someone is transforming an old and forgotten theatre into Toronto's newest event venue

The history of the High Park Sanitarium in Toronto and its connection to corn flakes

The Marian Shrine of Gratitude in Toronto is a secret place said to perform miracles

This is how much TTC fares have increased in the last 30 years

The history of the opening of the SkyDome in Toronto