Detached houses in the GTA are finally showing signs of recovery after a sluggish market in 2017 and 2018. The action is particularly pronounced in the city of Toronto, where three neighbourhoods experienced double-digit price growth in the first six months of the year as detached sales climbed 17 per cent across the region between January and June, according to a report from Re/Max Integra on Tuesday.“Over 50 per cent of the GTA has seen double-digit increase in sales year over year. The market for that segment is really starting to come back,” said Christopher Alexander, Re/Max executive vice-president and regional director.But performance depends on neighbourhood.“There’s still 49 per cent of the GTA that’s been flat, that hasn’t appreciated at all. Half the city is doing really well and the other half is affordable for a lot of people,” he said, adding that gives buyers options. “If you can’t afford one area, you can probably afford what you want in another,” Alexander said.Detached homes accounted for about 46 per cent of all sales in the Toronto area — up from about 43 per cent last year — suggesting that the segment, which has been lagging condo sales, “is back on track,” he said.Despite a regionwide average sale price of about $1 million, the most expensive home category is looking affordable to some buyers now that some prices have cooled and interest rates are expected to remain low.The neighbourhood that includes Riverdale, Blake-Jones and Greenwood-Coxwell — the area called E01 on the real estate industry’s Multiple Listings Service (MLS) map — saw a 15.2 per cent increase in detached home prices in the first six months of this year, compared to the same period last year. The average selling price rose about $200,000 to $1.4 million from $1.2 million in that time frame.Prized downtown pockets such as Trinity-Bellwoods, Little Italy, Little Portugal, ...
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