The Benchmark Home Price for single detached homes, according to CREA’s HPI, continues to correct in most markets of the GTA. Overall home prices are beginning to soften, though they remain above Jan 2017 peak levels.
Benchmark homes are representative of standardized homes for specific sub areas. Their physical characteristics remain fixed over time. Benchmarks and indices for “Detached single family homes” are generated as a composite of One and Two storey detached single family homes.