Figures from the Toronto Real Estate Board for February 2015 show that the average prices for houses in Toronto (416 area code) has edged over the $1 million mark as compared to the GTA or (905) area code.
Average price of a detached home in the GTA: $782,166
- 416 area code: $1,040,018
- 905 area code: $694,285
Average price of a semi-detached home in the GTA: $549,447
- 416 area code: $702,035
- 905 area code: $474,292
Average price of a townhouse in the GTA: $451,059
- 416 area code: $507,843
- 905 area code: $433,127
Average price of a condo apartment in the GTA: $355,623
- 416 area code: $369,655
- 905 area code: $322,055
If you’re in the market to buy, these figures may make home buying seem impossible. However, we encourage you to consider looking beyond the 416 and 905 area codes at Kawartha Lakes, where $300,000 or less goes much further and property tax rates are favourable to owners.
And, please feel free to connect with us any time with your questions or comments. We’re here to help!