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That amounted to year-over-year price growth of almost 28 per cent for detached housing, 24 per cent for semi-detached properties, 28 per cent for townhouses and 13 per cent for condos.

“There’s a lot of showing activity and there’s a lot of people out there trying to find condos,” said Morrison.

“Condos are becoming so popular simply just because they’re more affordable than houses in Toronto.”

Meanwhile, TRREB president Kevin Crigger said the climb in prices across every housing type highlights the market’s immediate need for more supply.

“The only sustainable way to address housing affordability in the GTA is to deal with the persistent mismatch between demand and supply,” he said, in a release.

“Demand isn’t going away.

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