RE/MAX Ontario-Atlantic Canada: In total, 56 of the 62 Toronto Real Estate Board Districts examined reported an increase in the average price of a single-detached home between January to June 2007, compared to the same period one year ago.
Three of the top five were located in TREB's Central District, while the remaining two were located in the North and West Districts. Leading the charge was Forest Hill, Chaplin Estates, Deer Park, and Cedarvale (C03) with a 16.8 per cent increase over one year ago, bringing average price to a just over one million dollars.
Thornhill, Vaughan (N02) followed in second place with an average price of $565,428, up 15 per cent versus the same period in 2006. South Hill, Annex, Yorkville (C02) claimed third spot, with an average price of $883,869, 14.3 per cent ahead of one year ago, while C07 (Lansing, Willowdale,
Newtonbrook) reported a 12.2 per cent upswing to $618,179. Port Credit,
Mineola (W12) secured the fifth position, with an average price 11.3 per cent
ahead of last year's figure at $581,167. Close to half of all GTA districts
are now reporting a single-detached average price in excess of $500,000.
