Prices of houses in Greater Toronto Area surge by 27.7%

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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