According to the Toronto Real Estate Board’s February real estate statistics, the average selling price of a detached home in the 416 area code has risen above $1 million.
In the GTA, the average price is $782,166, while in the 905 area code alone the average is $694,285.
A semi-detached home in the GTA averages $549,447 ($702,035 in Toronto) and $474,292 in the 905 area code.
A townhouse in the GTA has an average selling price of $451,059 and only slightly higher in the 416 area code at $507,843.
Business News Network has a fantastic write-up of the home pricing situation in the GTA right now, and you can check it out here.