TREB market watch for the month of November 2015 are out.
http://www.trebhome.com/market_news/market_watch/2015/mw1511.pdf
Average sale price of detached homes in the 416 was $1,018,621 representing an 8.8% year over year increase. Before anyone comments on the average price breaching the $1M once again, let's break out the average pricing in a slightly more meaningful manner:
Detached Houses
Toronto West: $791,124 average / $685,000 median
Toronto Central: $1,559,893 average / $1,377,500 median
Toronto East: $745,718 average / $662,544 median
Average sale price of condos in the 416 was $415,316 representing a 5.4% year over year increase. Similarly, it's helpful the separate the areas west and east of the central core to get a better idea what the more typical average condo price is:
Condominium Apartments
Toronto West: $348,003 average / $310,625 median
Toronto Central: $466,939 average / $395,000 median
Toronto East: $293,234 average / $270,000 median
There's an article in the Toronto Star today as well:
GTA sets new annual home sales record – in November
Some 7,385 houses and highrise condos changed hands in November, up 14 per cent year over year. The average sale price of a home climbed to $632,685, up 9.6 per cent from a year earlier
http://www.thestar.com/business/2015/12/03/gta-sets-new-annual-home-sales-record-in-november.html