08/21/2021
Just this week, it was revealed that the average home price has surpassed $1 million in 90 per cent of the GTA.
Untenably high prices are still rising, too, and faster than any major city on the planet; market experts projected in the spring that homes in the city will cost a whopping $275,000 more in just two years.
And now, they're saying that prices in the region will increase by an entire $50,000 in the next few months alone.
Today's low sales are due to low inventory and not lack of demand.
Fierce bidding wars and multiple-offer situations will be back with a vengeance in the fall (if they can even be considered having left).
https://www.blogto.com/real-estate-toronto/2021/08/cost-average-home-toronto-another-50k/
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