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.
Get breaking National news
Get breaking Canada news delivered to your inbox as it happens so you won't miss a trending story.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
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.
- Canada’s new sovereign wealth fund gets $25B as Carney unveils plans
- A major housing development is in the works east of Toronto, but some are crying foul
- Mounties say there’s no evidence supporting some new N.S. government cannabis claims
- VPD officers haven’t spoken at Myles Gray death hearing. Here’s what the exhibits say
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.
Comments
Want to discuss? Please read our Commenting Policy first.