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Summary

The Average Cost Of A Home In The 905 Is Now More Expensive Than Toronto

Prices have jumped a ton since this time last year. 😬 📈
The Average Cost Of A Home In The 905 Is Now More Expensive Than Toronto
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Staff Writer

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. 

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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.

Real EstateCanada

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    • Cormac O'Brien
      Cormac O'Brien was an Associate Editor at Narcity Canada, covering all things exciting and trending about Canada. He has a Bachelor of Fine Arts in Creative Writing and Journalism from the University of Victoria, where he served as the Editor-in-Chief of the campus newspaper and was awarded the BCYNA Community News Scholarship for his writing. He was also the producer and co-host of Now On Narcity, Narcity's flagship podcast.

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