HOMESWEETHOME2We’re not quite there yet, but getting close.

T.O. is on the verge of becoming the second Canadian city where the average price of a detached house is $1-million. Until now VANCOUVER was the only member of the club, but TORONTO is now edging its way in. Figures from TREB (Toronto Real Estate Board) this week show detached houses in the old City of TORONTO are averaging $965,670Brookfield Real Estate’s PHIL SOPER: “The good news is if you move outside of the city proper, into the suburbs, or into the ever important condo sector there is still product available across the price gamut.”  TREB reports 4,878 detached houses were sold across the city proper last year; the average price jumped 13.2% over the same month a year ago. Semi-detached homes reached $702,332 in the city, an 18% increase over the previous year.


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