GREATER TORONTO, Oct. 27, 2015 /CNW/ – Prices of new low-rise homes in the GTA hit a new record high in September, the Building Industry and Land Development Association (BILD) announced today.
The average price of new townhomes, semi-detached and detached homes in the GTA climbed to a record-setting $811,579, according to RealNet Canada Inc., BILD’s official source for new-home market intelligence.
The new average marks an 18-per-cent increase from September 2014 when the price of a new low-rise home was $689,611. Prices of new low-rise homes have more than doubled in the last 10 years. The average price in September 2005 was $386,188.
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