Out of control Greater Toronto Area home prices just broke yet another record

It's only getting more expensive to buy into one of the world's most competitive and risky housing markets, according to the latest report from BILD and Altus Group covering new home sales and prices in the region in September. Over 1,000 of these sales were for single-family homes (including semi-detached and townhome units), though this actually marks a slight 3 per cent dip in the 10-year-average. "At a time when new housing supply is being rapidly absorbed by the market, it is more important than ever for municipalities across the GTA to remove every roadblock to bringing more housing online," said Dave Wilkes, BILD President & CEO.

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