Greater Toronto Area’s Home Sales Surge to Record Heights in 2015, York Region Has Highest Growth in GTA

It was a banner year for home sales in Toronto – but an even better year in the suburbs.

Across the Greater Toronto Area, annual existing home sales rose above 100,000 for the first time last year, the Toronto Real Estate Board reported. Annual sales hit 101,299, up 9.4 per cent from 2014. Average prices rose 9.8 per cent.

But despite much public focus on the average price of detached homes in the city itself, which topped $1-million this year, many buyers continued to flock to the suburbs, creating fierce competition for more affordable homes and driving up prices in several of the region’s bedroom communities.

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