Households in the GTA have become more confident in purchasing over the past three months, affordability due in part to very low borrowing costs has played a key role.
The average price for MLS sales was $407,716, up by 2% compared to last year. Increased interest in ownership housing this spring has solidified resale home prices, the number of home buyers has been high compared to the number of listings, pushing the average price above last years level.
Shabana Raja, Sales Representative
Century 21 Parkland Ltd. Brokerage