Elevate your local knowledge
Sign up for the iNFOnews newsletter today!
February home sales in Greater Toronto Area down from year ago, prices up
TORONTO – Home sales in the Greater Toronto Area in February fell compared with a year ago, while the average selling price ticked higher.
The Toronto Real Estate Board says there were 5,025 homes sold in the region last month, down from 5,148 in the same month last year.
The average selling price was $780,397, up from $767,801.
The 2.4 per cent drop in the number of homes sold in the region came as the number of new listings fell 6.2 per cent.
New listings in February totalled 9,828, down from 10,473 a year earlier.
The board says the decline suggests that market conditions became tighter compared with last year.
News from © iNFOnews.ca, . All rights reserved.
This material may not be published, broadcast, rewritten or redistributed.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Join the Conversation!
Want to share your thoughts, add context, or connect with others in your community?
You must be logged in to post a comment.
