Of the 34 Toronto neighbourhoods included in the report, there are only two where the median price of a detached home is below $1M. City-wide, the figure sits at $1,270,000.
Although the median detached home price in Rexdale-Kipling, West Humber-Claireville is $930K, the neighbourhood has a sales-to-new-listings ratio of 83%, putting it firmly in seller’s market territory. As such, prices in the north-western pocket could surge in the coming months as competition heats up. Buyers who swoop in beforehand will need $186K for a downpayment.
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