Forest Hill and Bridle Path are the hottest spots for real estate worth $1 million-plus as February sales and prices soar.
A heated Toronto real estate market is lifting sales of luxury homes as the economy starts to improve and move-up buyers regain confidence, says a report by Coldwell Banker Terrequity Realty released Wednesday.
The top-performing area with sale prices in excess of $1 million in 2009 was Forest Hill, where 280 homes changed hands at an average price of $1.42 million.
The Bridle Path area was in second place, with 221 sales and an average price of $2.1 million.
Oakville, west of Toronto, came in third with 174 properties sold with an average value of $1.67 million.
See the full story in the Toronto Star »
Posted: 2010-03-04 06:27:45
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