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The continued demand for detached homes across the Greater Toronto Area drove average existing prices across the city up almost 28 per cent in February, pushing the price of a suburban house beyond $1 million for the first time.

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As the debate rages on about foreign speculators and housing bubbles, people on the ground say this boom is a lot more sustainable than many think.





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The average sale price for all categories of housing in the region was $875,983 last month, up from $685,738 a year ago. In the detached category, overall average prices climbed 32.5 per cent from a year ago to $1,205,815 while in the city of Toronto the average detached home is now selling for $1,572,622.

Meanwhile in the suburbs, which cover the 905 area code, the average detached home price soared 35 per cent to $1.11 million from last February, the fastest growth of any housing type in the greater Toronto area.