The average price for a home in GTA was $1.15 million in April 2023, according to the Toronto Regional Real Estate Board. That’s up 4 per cent or $44,.
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Fred Lum/the Globe and Mail
Sales of homes worth more than $3-million hit a record in the Toronto region last year, with purchases more than doubling in the suburbs as buyers sought bigger spaces during the COVID-19 pandemic.
Overall in the Greater Toronto Area, there were 1,068 luxury house and condo sales, a 56-per-cent increase over 2019, according to a new report from Re/Max.