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A sign indicating a house has been sold on the real estate market is seen in Toronto in a file photo. (Mark Blinch/Reuters)
A sign indicating a house has been sold on the real estate market is seen in Toronto in a file photo. (Mark Blinch/Reuters)

GTA housing prices, sales hit new highs in October Add to ...

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The Greater Toronto Area’s real estate market roared ahead last month as prices hit record highs both in the city and the suburbs.

The average price for detached houses sold within the City of Toronto reached $1.3-million in October, up 21.7 per cent from a year earlier, while climbing 29.4 per cent to average $948,191 in the suburbs, the Toronto Real Estate Board said Thursday.

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