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      • Across the GTA benchmark home prices are up 17.3 per cent year over year to $1,059,300, the report states. The main factor behind the price increase is a lack of homes on the market. "Greater Toronto buyers continued to be challenged by a steep shortage of supply," the report states.
      www.blogto.com/real-estate-toronto/2021/09/home-prices-toronto-levels/
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  2. Aug 20, 2021 · Nationally, new home prices were up 11.9% year over year in July, with the house structure (+14.1%) rising more than the land (+6.7%). According to the Building Construction Price Index, construction prices were up year over year by almost a quarter for single-detached houses (+23.9%) and townhouses (+24.4%) in the second quarter of 2021.

  3. Feb 23, 2022 · Average price has soared over the 25-year period, rising close to 453 per cent, from $198,150 in 1996 to $1,095,475 in 2021, at a compound annual growth rate of 7.08 per cent. Statistics Canada reports the Toronto CMA reached 6,202,225 in 2021, an increase of 45 per cent over the 1996 Census figure of 4,263,759.

    • National Overview
    • 2021 in Review: Largest National Increase Since 1989
    • Outlook: New Home Prices Projected to Continue Rising in The First Half 2022
    • Contact Information

    In December, new home prices for Canada grew (+0.2%) at their slowest pace since June 2020. Nationally, new home prices rose 11.6% year over year in December. Prices were up in 16 of the 27 census metropolitan areas (CMAs) surveyed, unchanged in 10 and down in 1 from November to December.

    Nationally, new home prices were up 10.3% in 2021 compared with 2020 (+2.1%)—the largest annual increase since 1989. Prices for new homes grew at a faster pace from January to June 2021 (+7.1%) compared with the second half of the year (+3.1%).

    The Bank of Canada has "committed to holding the policy interest rate at the effective lower bound until economic slack is absorbed so that the 2 percent inflation target is sustainably achieved. In the Bank's October projection, this happens sometime in the middle quarters of 2022." As interest rates have yet to move up, it is expected that new ho...

    For more information, or to enquire about the concepts, methods or data quality of this release, contact us (toll-free 1-800-263-1136; 514-283-8300; infostats@statcan.gc.ca) or Media Relations (statcan.mediahotline-ligneinfomedias.statcan@statcan.gc.ca).

  4. Feb 29, 2024 · According to Zoocasa, which sourced its real estate data from the Canadian Real Estate Association (CREA), the benchmark home price in Toronto five years ago was $746,500.

  5. Residential property price indexes, Toronto, index (2017=100) Total, construction type and building type. Resale house. Resale condominium apartment. New house.

  6. Mar 3, 2022 · Housing prices increased by a never-before-seen 35.9 per cent year-over-year in Toronto and surrounding regions in February, with Durham, Peel, York and Orangeville also experiencing their...

  7. Sep 17, 2021 · The Canadian Real Estate Association is predicting 2021 will set an all-time record for sales with 656,300 transactions by years' end, marking an 18.8 per cent increase from 2020. In...

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