$15.8 Million New Record for Residential Property

Toronto Forest Hill home sells for $15.8 million believed to be a new record selling price for a residential property in Toronto.

Situated on Dunvegan Rd, this home boasts eight bedrooms, 13 washrooms and an indoor six-car garage. It was the former home of George Eaton, founder of the Eaton’s department store chain.

If the new proposed Toronto City land transfer tax had passed, the new buyers would have had to pay an extra $312,000 in Land transfer tax alone.

This sale shows the strength in the Toronto Real Estate market and I will continue to watch for new records in the Toronto home and condo market.

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