Average GTA House Back Under $1M
The average price of a detached home in Toronto and its suburbs fell to just below $1M in the first two weeks of August, according to data from the city's real estate board. The average price has fallen 19%, or about $230,000, since the peak reached this March. In the City of Toronto itself, single-family homes still average above the million-dollar mark, clocking in at $1.2M in the first three weeks of August, down from a peak of $1.6M in March. But if you're a prospective h