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This Toronto house just hit the market for $1 million

If there was any hope {that a} world pandemic would assist decelerate Toronto’s booming housing market this new itemizing proves that’s not the case.

A tiny two-bedroom, one rest room residence on Euclid Street in Little Italy has just hit the market for $999,999.

The “rare detached bungalow located in the heart of Toronto” is marketed as being a “great size” with “loads of potential.”

The bungalow, which has a indifferent storage, is just steps away from retailers, eating places, bars, parks, colleges, and public transit, the itemizing says.

Property taxes on the residence will set you again $5,307 per 12 months.

According to a report from the Toronto Regional Real Estate Board earlier this month, residence gross sales in the Greater Toronto Area (GTA) are rebounding from the COVID-19 pandemic and costs are on the rise.


The actual property board mentioned there have been 8,701 houses bought in June, down 1.four per cent in contrast with the identical month final 12 months.

On a seasonally adjusted foundation, gross sales in June had been up 84 per cent in contrast with May.

The common promoting value in the GTA was $930,869, up 11.9 per cent in contrast with June 2019.

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