Toronto records busy September

23 October 2020 | General

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.