Purchasers Undeterred by Rising Values as They Move to Secure Detached Homeownership at ‘Affordable’ Price Point in the GTA

TORONTO, July 21, 2015 /CNW/ – Affordability continued to be a key driver in the search for detached homes, despite double-digit increases in average price in the 416 area code and York Region in the first six months of 2015, according to RE/MAX Hallmark Realty Ltd., one of the Greater Toronto Area’s (GTA) largest real estate franchises.

RE/MAX Hallmark examined sales and price appreciation in 35 neighbourhoods in the Toronto Real Estate Board’s (TREB) 416 area code and nine communities in York Region and found that the average price of detached homes escalated 10 per cent or more in 63 per cent (22) of 416 neighbourhoods and 67 per cent (six) of York Region districts year-to-date 2015, compared to the same period one year ago.

Full Article Here: www.newswire.ca