From RE/MAX Spring Market Trends report:
Overall average residential prices crept up to $557,684 in march. in certain high-end neighbourhoods, it was not unusual for 40-foot lot with a tear-down house to sell for more than $800,000. inventory levels across the city are at an all-time low; despite the growth of the greater toronto area over the past decade, there were only 14,000 active listings this February compared with 17,000 in 1999. detached freehold homes remain the hottest commodity in the region, although half of all sales in the City of toronto are condos.
Read the complete report here: