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Toronto housing prices increase 23 per cent in November vs. last year

News Staff | posted Friday, Dec 2nd, 2016

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A sign advertises a new home for sale in Carleton Place, Ont., on March 17, 2015. A new report says sales of homes worth $1 million or more heated up in Toronto and Vancouver last year as the low loonie fuelled demand from foreign buyers. THE CANADIAN PRESS/Sean Kilpatrick

Housing prices in Toronto increased by 23 per cent in November compared to last year, to an average price of $776,684 for most types of properties, the Toronto Real Estate Board said in a statement today.

The average price of a detached home is $1.06 million.

More to come

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