SIgnificant price increases and high demand in the Greater Toronto Area during the first quarter of 2017 spurred growing numbers of Buyers to leave the downtown core.
These buyers, known as move-over buyers, are looking for greater affordability in markets across southern Ontario. In turn, they are driving price appreciation in Mississauga, Brampton, Durham, Barrie, Hamilton-Burlington, Windsor, and as far away as Kingston. The GTA saw the average residential sale price rise by 29 per cent, up from $675,492 in the first quarter of 2016 to $873,631 during the same period in 2017.
Check out our Infograhpics for the spring trends in your respective region:
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