Toronto MLS® sales continued their recurring Spring climb with 4,353 resales registered for the first two weeks of March.This represents a 70 per cent increase over the same time last year when the Toronto Real Estate Market was suffering through the recession at that time in 2009.
The average resale price for a Toronto home was $491,680 compared to $400,454 a year ago.
The Toronto Real Estate Board said "People are buying homes because they are confident in the current economic recovery and mortgage payments on the average priced home remain affordable."
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