According to the latest MLS report , sales in the Greater Toronto area for March year to date were 9,690 in 2012. This number was 8 percent higher for deals reported for March year to date (8,986) in 2011.
The continued low mortgage rates in Canada is one of the main contributor for the healthy real esate market. Of course some locations out perform others depending on the demand in local areas.The number of listings in March 2012 was up very modestly over March 2011.
The average price of a home for March 2012 was $504,117 compared to $456,234 fo March 2011.