Some Reports suggest that the strongest growth in Greater Toronto Area real estate prices over the past year is happening outside of Toronto.With a 26 percent jump in the average house price (including condominiums), Oshawa leads the pack of GTA municipalities. The GTA average is 13.6 percent. In Toronto, the average price jumped 12.1 per cent, according to the report.
Durham region as a whole has also seen a 26 percent jump in the average price, according to the Durham Region Association of Realtors.
Although the prices and demand may be surging in the suburbs, homes there are still more affordable than in Toronto, where the average price of a detached house is over a million dollars
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