If it seems like there are more homes in the GTA hitting the $1 million-plus price tag, it's true. Theresa Boyle's article at The Star gives you an explanation of what happens when buyers are priced out of the really high-end neighbourhoods but still want to buy a new home.
In short, the strength of the current resale real estate market in the GTA is partly due to the momentum carried over from the strength it had at the end of last year. And low, stable interest rates are also a contributing factor.
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