Toronto Real Estate Is On Fire, But It’s Also Ontario’s Worst Performing Market
Toronto real estate prices are some of the fastest growing of any global hub, but it might seem slow at home. Canadian Real Estate Association (CREA) data shows Toronto is the slowest growing market in Ontario. Small cities are growing up to 3x faster, closing the gap between the county’s economic engine.
Toronto Real Estate Prices Have Grown Over 28%
Toronto real estate prices have shown massive growth over the past few years. The benchmark price hit $1,188,700 in November, up 28.3% from a year ago. Any double-digit annual growth is considered very fast, but nearly a third higher? That’s huge and unprecedented for the city. Somehow that massive annual growth was the second slowest of any major market in Ontario.
