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Housing Affordability is Top of Mind in the GTA
The average selling price for November 2013 Toronto MLS transactions was $538,881 – up 11.3 per cent from last year. Despite strong price growth and an uptick in borrowing costs this year, Dianne Usher, Toronto Real Estate Board President, says monthly mortgage payments on the average priced home remain affordable for a household earning the average GTA income. Here’s a breakdown of this month’s Toronto Real Estate Board Market Watch report.
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