Strong Sales, Higher Prices
Sales activity in the GTA accelerated last month. Both sales growth and average sales price increased by almost eight per cent compared to March 2013.
“Sales activity in the GTA accelerated last month. Compared to last year, a greater number of buyers found affordable home ownership options, as evidenced by sales growth for all major home types. Against this backdrop, however, overall inventory at the end of March remained lower than last year. This means competition between buyers increased, which is why the average selling price continued to climb,” said Dianne Usher, Toronto Real Estate Board President.
Here’s a quick look at this month's market report. Feel free to share this infographic on Facebook or Google+.
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