Toronto, Vancouver prices soaring says Re/Max

by |
 A report from Re/Max shows that first-quarter home prices in Toronto and Vancouver increased sharply. In Vancouver, a 7 per cent rise in prices in a year means an average sale price of $874,869. In Toronto there has been an 8 per cent increase to an average of $594,827. The higher prices have also benefitted nearby areas as workers opt to live a bit further out to get more for their money. Victoria sales have soared by 23 per cent in the past year with average selling prices up 2 per cent to $569,070 while Hamilton-Burlington has seen a rise of 8 per cent to $443,706. The report also shows that there are more single buyers of homes nationwide. 

Broker news forum is the place for positive industry interaction and welcomes your professional and informed opinion.

Name (required)
Comment (required)
By submitting, I agree to the Terms & Conditions