Housing prices continue to climb in the GTA

There were mixed results in July’s real estate numbers for the GTA with house prices rising significantly from last year. In Durham Region, the average price of a home in July was almost $330,000, up more than 11 percent while in Toronto, prices are up 10 percent to more than $459,000. Jason Mercer with the Toronto Real Estate Board, says market conditions this year, have really created a sellers market. Year-to-date home resales were down slightly across the GTA compared to last year, falling 3.7 percent in Durham Region and 1.3 percent in Toronto.

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