Average Toronto home price could hit $2 million in next decade, analysis suggests

Breadcrumb Trail LinksReal Estate'As rates come down, home prices go up,' report saysAuthor of the article: Shantaé Campbell Published Apr 21, 2024 • Last updated Apr 21, 2024 • 2 minute read Join the conversation Interest rate cuts in the coming months and years could hasten the arrival of a $2 million average home price in Toronto, a prominent real estate listing website says.We apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.Average Toronto home price could hit $2 million in next decade, analysis suggests Back to videoWe apologize, but this video has failed to load.Try refreshing your browser, ortap here to see other videos from our team.According to Zoocasa.com, Toronto’s home prices have increased by an averaging at 5.6 per cent over the past decade, a pace that could push the average selling price of homes in Toronto to $2 million by 2034.Advertisement 2Story continues belowThis advertisement has not loaded ye...