The runaway price growth for GTA homes in November wasn’t experienced the same way in every Toronto neighbourhood. While the new average selling price for a property in the region shot up by 11.3 per cent to $538,881, prices can differ wildly between districts and property types.
Using the MLS Home Price Index included in the Toronto Real Estate Board’s latest market report, we mapped out year-over-year price growth across Toronto based on the composite, single-family detached, single-family attached, townhouse and apartment numbers.
Here’s what we learned:
- The east end is still red hot for price growth. For the composite index, two of the top three neighbourhoods were in the east (Tweet this).
- Unsurprisingly, the east led price growth for both single-family detached homes and attached homes as well, taking the top three spots in both categories (Tweet this).
- Which district is seeing the biggest leap in apartment prices? That would be C11 (Leaside, Thorncliffe Park, Flemingdon Park), which saw a 30.21 per cent rise year-over-year (Tweet this).
Find your area to see whether prices are rising or dropping:
W03, C03, E03, E06 were not mapped as they did not have any townhouse sales in November.
Maziar Moini, Broker of Record - Home Leader Realty Inc.
300 Richmond St. W., #300, Toronto, ON M5V-1X2
