Market Watch - February 2015

Well its official, the average Detached house in Toronto is now over a million dollars. We have seen crazy markets and I believe lack of inventory has driven February into a home buyers frenzy. My prediction is that once there is more inventory in the spring, the average Detached Home price will reduce slightly but will still hover around the million dollar mark. February brought another surprise, the average price of a condo town home dropped approx. 7%, but I believe that price will increase as we hit the Spring Market. If you have any questions regarding the current market contact us anytime at

To view the January 2014 Market Watch click here