September was a busy month for home sales in the Greater Toronto Area, as detached home sales increased by 28% year-on-year.
The median home price for detached properties in the City of Toronto for September 2020 was $1,185,000 (£689,457).
There was also a 7% rise in condo sales.
Across the City of Toronto’s 35 neighbourhoods, there are just nine neighbourhoods where the median price for a detached house is under the $1m mark, compared to 2019, when there were 14 such neighbourhoods.
Evelyn Anders, Toronto-based real estate agent and Zoocasa’s director of business development, said: “Now that home has become not just where we live, but for many of us, also where we work, finding a space that can accommodate both, at an affordable price within city limits can be challenging.
“However, there remain opportunities for those that have their sights set on purchasing a detached property in the city’s East and West end.”
This post has originally been featured in Property Wire.