Toronto home sales up 97% in March, prices up as demand outstrips new listings
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A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. The one-year anniversary of COVID-19 brought a doubling in March home sales to the Toronto region, where prices continued to soar as buyers kept rushing to take advantage of low mortgage rates. THE CANADIAN PRESS/Graeme Roy
TORONTO – Home prices in the Toronto area continued to climb in March while sales were almost double that of the same month a year earlier, when the rapid spread of COVID-19 led to widespread economic shutdowns, the Toronto Regional Real Estate Board reported Tuesday.
Tara Deschamps
A real estate sold sign is shown in a Toronto west end neighbourhood May 16, 2020. The one-year anniversary of COVID-19 brought a doubling in March home sales to the Toronto region, where prices continued to soar as buyers kept rushing to take advantage of low mortgage rates. THE CANADIAN PRESS/Graeme Roy April 06, 2021 - 2:00 AM
TORONTO - Home prices in the Toronto area continued to climb in March while sales were almost double that of the same month a year earlier, when the rapid spread of COVID-19 led to widespread economic shutdowns, the Toronto Regional Real Estate Board reported Tuesday.
by Tara Deschamps, The Canadian Press
Posted Apr 6, 2021 6:00 am ADT
Last Updated Apr 6, 2021 at 6:09 am ADT
TORONTO Home prices in the Toronto area continued to climb in March while sales were almost double that of the same month a year earlier, when the rapid spread of COVID-19 led to widespread economic shutdowns, the Toronto Regional Real Estate Board reported Tuesday.
Sales in the area reached a record 15,652 last month, up 97 per cent from 7,945 during the same time last year.
The sales growth was so dramatic because it compares with March 2020, when the first economic effects of the pandemic took hold and both buyers and sellers were wary of the market.
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