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The Toronto housing market is one of the hottest housing markets in Canada. Consistently delivering high returns year after year, Toronto has recently seen double digit percentage growth in the value and price of Toronto homes. As of the May 2006 Market Watch report issued by TREB, May 2006 was the hottest month in the 86 year history of the Toronto Real Estate Board. The average price for a Toronto home in May 2006 was $365,537. Toronto’s West districts averaged $340,841 in May, the East districts $292,600, the North districts $390,999 and the Central Toronto Districts $483,682.

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