Toronto housing market storms into new year with sales up 82 prices

Filed under: bgaxxheb — Tags: , , , , , — admin @ 7:14 am October 8, 2019

TORONTO — Housing sales in the Toronto area continued to post strong growth in January, with the number of deals up 8.2 per cent from the same month last year.The Toronto Real Estate Board also says prices were up by 11.2 per cent, as measured by a benchmark price index.The average selling price within the region was $631,092 last month, with the City of Toronto’s average at $636,728 and surrounding areas averaging $627,871.Spring market kicks off early with first shot in mortgage rate warsForget the $1 million Toronto home, it’s the $5 million market that’s on fireToronto and parts of southern Ontario were among the hottest in Canada last year, surpassed only by the Vancouver area and the Lower Mainland region of British Columbia.“It is clear that the handoff from 2015 to 2016 was a strong one,” TREB president Mark McLean said in a statement.07:51ET 03-02-16

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