TORONTO, April 3, 2014 – Toronto Real Estate Board President Dianne Usher announced
that Greater Toronto Area REALTORS® reported strong year-over-year increases in
Toronto MLS home sales and the average selling price in March 2014. Home ownership
affordability, backstopped by low borrowing costs, continued to be a key factor
underlying this growth.
A total of 8,081 sales were reported in March 2014 – up by 7.2 per cent in comparison to
March 2013. Sales growth was much stronger in March compared to the first two months
of the first quarter. Sales for Q1 as a whole were up by three per cent compared to the
first three months of 2013.
Source: Toronto Real Estate Board Market Watch