Another Month of Record Home Sales in Toronto
Despite a shortage of listings in some market segments, Toronto real estate sales hit another record high for the month of May,” said Mr. Etherington, Toronto Real Estate Board President. Home sales are up by 6.3 per cent in comparison to 11,013 sales reported in May 2014; and the average selling price for all home types combined in May 2015 was up by 11 per cent annually to $649,599. With no relief on the listings front in sight, expect similar rates of price growth as we move through the remainder of 2015.
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