Toronto February 2016 home sales were up 21.1 per cent compared to February 2015.

Despite new Canadian federal mortgage lending guidelines requiring a 10 per cent down payment on the portion of purchase prices between $500,000 and $1,000,000, Toronto February 2016 home sales were up 21.1 per cent compared to February 2015. Prices are up 14.9% and homes are still selling quickly with only 1.4 months of inventory on hand.

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Wally Buczkowski

Wally Buczkowski

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CENTURY 21 Leading Edge Realty Inc., Brokerage*
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