GTA home sales in February down from year ago, but prices up

News source from CTV News

TORONTO — Home sales in the Greater Toronto Area in February fell compared with a year ago, while the average selling price ticked higher.

The Toronto Real Estate Board says there were 5,025 homes sold in the region last month, down from 5,148 in the same month last year.

The average selling price was $780,397, up from $767,801.

The 2.4 per cent drop in the number of homes sold in the region came as the number of new listings fell 6.2 per cent.

New listings in February totalled 9,828, down from 10,473 a year earlier.

The board says the decline suggests that market conditions became tighter compared with last year.





Source link

https://www.ctvnews.ca/polopoly_fs/1.902567.1547755962!/httpImage/image.jpeg_gen/derivatives/landscape_300/image.jpeg

News Headlines

[su_feed url=”http://rss.cbc.ca/lineup/topstories.xml” limit=”20″]

Canadian News Headlines

[su_feed url=”http://rss.cbc.ca/lineup/canada.xml” limit=”20″]

#Canada #news #CanadianNews #headlinenews #Edmonton #calgary #vancouver #toronto

Leave a Reply

Your email address will not be published. Required fields are marked *