Toronto's luxury home market is hot

Forest Hill and Bridle Path are the hottest spots for real estate worth $1 million-plus as February sales and prices soar. A heated Toronto real estate market is lifting sales of luxury homes as the economy starts to improve and...

Forest Hill and Bridle Path are the hottest spots for real estate worth $1 million-plus as February sales and prices soar.

A heated Toronto real estate market is lifting sales of luxury homes as the economy starts to improve and move-up buyers regain confidence, says a report by Coldwell Banker Terrequity Realty released Wednesday.

The top-performing area with sale prices in excess of $1 million in 2009 was Forest Hill, where 280 homes changed hands at an average price of $1.42 million.

The Bridle Path area was in second place, with 221 sales and an average price of $2.1 million.

Oakville, west of Toronto, came in third with 174 properties sold with an average value of $1.67 million.

See the full story in the Toronto Star »