| Harvey Kalles Real Estate Ltd. | | One renovated bungalow in the Bathurst Manor area provides a snapshot of the action in Toronto-area real estate: The home sold in September around the $1-million mark, then swapped hands in February for $285,000 more. | | Agents are seeing a lot more of this type of transaction throughout the Greater Toronto Area, where rapidly escalating real estate prices are prompting buyers to place houses back on the market not long after they’ve picked up the keys. |  | | | More stories below advertisement | | | | DARRYL DYCK/The Globe and Mail | | Illustration by Matthew Billington | | Royal LePage Signature Realty | | Nathan Denette/The Canadian Press | | |
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Toronto’s exploding home prices may be drawing out the flippers
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