Home prices up 22.7 percent in November says TREB

The Toronto Real Estate Board says there were 8,547 sales through its system in November, an increase of 16.5 per cent year to year. The average price of re-sale homes was up 22.7 percent, a figure that once would have astonished the City but which now seems to be more like the norm. The average selling price for all types of housing was $776,684.