In April 2015 Canada's big city metro SFD prices all caught a bid with Toronto prices breaking out again to the upside for a new record peak. It's all about the land that real estate sits on; big money is willing to pay a premium for sitting on it.
The chart above below the average detached housing prices for Vancouver, Calgary, Edmonton, Toronto*, Ottawa* and Montréal* (the six Canadian cities with over a million people) as well as the average of the sum of Vancouver, Calgary and Toronto condo (apartment) prices on the left axis. On the right axis is the seasonally adjusted annualized rate (SAAR) of MLS® Residential Sales across Canada.
Price gains were accomplished on a push higher in sales volume of the Canadian national MLS residential