For the month of November, we witnessed price increases across the board for the Greater Toronto area. However, when you compare housing styles and locations, we noticed a few emerging trends.
- Detached houses remain in much higher demand when compared to condos
- While all areas in the GTA experienced price growth, prices have grown the fastest in the furthest out suburbs and beyond
While the high demand for detached houses doesn’t come to much of a surprise, the rapid growth of prices in the 905 and beyond is the trend to keep an eye on for 2021. Will it continue in to the future or once the pandemic subsides will we see a return of the City of Toronto as the hottest real estate market in the province?
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