Toronto’s housing market keeps cooling off with sales falling sharply, but prices remain stable in aggregate, according to the Toronto Real Estate Board’s monthly news release.
Home sales in the Greater Toronto Area (GTA) for February fell 35 percent compared to last year. New listings were up 7.3 percent from a year ago. The benchmark price edged higher by 3.2 percent year-over-year for the market as a whole, driven by strength in townhouses and apartments, which were up 7.5 percent and 18.8 percent respectively. Single-family attached and detached homes fell slightly in price.
