There may be widespread economic panic in the rest of the world, but Toronto’s housing market keeps plowing ahead unscathed:
Consider these numbers:
• $478,137: The average price of a house in the GTA in October, up almost 8 per cent from $443,633 at this time last year, according to the Canadian Real Estate Board.
• $362,899: The national average price of a house, up 5.5 per cent from October, 2010
• 16: The number of bids Monday on a Cleveland St. detached house in Toronto’s Yonge-Davisville area which sold for $146,000 over its $839,000 asking price.
By Susan Pigg, Business Reporter
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