House prices in the GTA will continue to soar next year, according to RE/MAX realtors.

The region remained a sellers’ market this year with sales up 8% over 2014.

The average price of a single-family home is $804,079, and high demand and low supply are expected to boost that figure another 5% next year.

Toronto

First-time homebuyers in Toronto typically entered the condo market in 2015, so they could live in the city centre at a more affordable price. The RE/MAX forecast says price increases for single family homes outpaced those in the condo market, making it difficult for condo owners to trade up. Many high-end luxury homes were sold to local move-up buyers as well as buyers from China and the Middle East.

Mississauga

Homes in high-demand neighbourhoods, such as Erin Mills, often fetched multiple offers, which wasn’t the case a few years ago. First-time buyers in Mississauga were typically families leaving Toronto or new immigrants who tend to purchase town homes or semi-detached homes in the range of $500,000. Prices are expected to jump 6% in 2016.

Brampton

Brampton is considered an affordable market for first-time buyers in the GTA, with an average price of $488,300. Many millennials are living with parents or renting as they save and wait for a good deal so they can enter the market. Young buyers tend to favour condos in the growing downtown area, which is close to both Pearson airport and Toronto.

Durham

Whitby, Oshawa, Ajax and Pickering have benefited from the migration of Torontonians in search of more affordable housing. The average price in Durham is $440,650, but an older house can be had for about $240,000. New construction, such as the expansion of Hwy. 407, is expected to open up North Durham and create new housing developments. The RE/MAX forecast says housing demand from new immigrants will fuel growth.

Oakville

The upscale town saw sales increase 18% this year and the average sale price ranged from $840,000 to $1.2 million. Foreign buyers snatched up homes in the $2.4-million range. Sales are expected to increase 10% next year and prices are expected to jump 5%.