2016 Detached:
Significant Sales

Only $13,000,000 Yes, the most expensive house in Toronto that changed hands in 2015 sold for $13 million. This is down from the 2014 record trans-action of $14.2 million. Nevertheless, the average price in this category has increased dramatically.

Buyers from the world over International buyers exhibit a strong preference for newer detached homes in blue-chip neighbourhoods, while local buyers lean slightly toward more historically-significant landmark properties. Transaction volume is up 59.9% year-over-year in this segment. The increased demand locally and from overseas has pushed the prices up by 16.5%.

Quicker sales The average marketing time for a detached home over $3 million was reduced in 2015 to 40 days, compared to 47 days in 2014 and 55 days in 2013.

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