The cost of real estate is rising in the GTA — so much so that it's outpacing the average prices of Toronto's homes for sale, according to a recent report.
The Toronto Regional Real Estate Board said that in March 2021, average real estate prices were more expensive in the 905 than in Toronto.
According to TRREB, the average GTA home cost $1,104,509 last month, up from $856,981 from the same time in March 2020.
But in the City of Toronto, the average home only cost $1,083,322, up from $989,175 in March of last year.
The TRREB's full report says that March's most expensive regions on average were Aurora (with an average home price of $1,297,003) and Markham ($1,287,951), quite a bit more expensive than Toronto's average home price.