And the hot Toronto real estate market continues! The Toronto Real Estate Board reported the sale of 6,338 homes in February, a substantial 11.3 % year-over-year increase compared to February 2014.
Steven Maislin's blog
Housing sales across the Greater Toronto Area climbed 11.3% in February from a year ago, helping to push the average sale price of detached homes in the city pass the $1 million mark for the first time.
With 4,446 homes sold on the Toronto Real Estate Board in December, 2014 went down in the history books as the second most active year in the history of the Board with 92,867 sales, just below 2007’s record of 93,193 homes sold.
May 2014 was a best May on record for home sales in the Toronto area with 11,079 homes trading hands during the month. This represented an increase of over 11% from May of 2013.