Prices of houses in Greater Toronto Area surge by 27.7%

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Prices of houses in Greater Toronto Area surge by 27.7%
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Re-sale housing prices saw this winter a dramatic growth of 27.7% in Toronto area, Canada, The Star reports. Last month the price reached $875,983, compared to the previous period last year, and $105,238 more than in January.




According to the data provided by the Toronto Real Estate Board, its benchmarked price index rose 23.8% year over year last month.

Detached home prices were in bigger demand and went up 32% in the Toronto region.

There was a 5.7-percent rise in home sales, reaching 8,014 homes, what is approximately 500 homes more than a year ago.

One of the most popular regions was Durham with a 28-percent increase.



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