Detached home values are rising in 40% of the Greater Toronto Area (GTA) markets.
Experienced buyers and investors are driving activity, as first-time buyers face affordability challenges. Toronto's detached home sales have rebounded, with 34% of neighborhoods seeing growth or stability.
Certain GTA neighborhoods, including Rosedale-Moore Park and Trinity-Bellwoods, are particularly popular and gaining traction.
Despite lower sales in recent years, pent-up demand and population growth are expected to boost the GTA market.