Toronto Home Sales up 97% in March, Prices up as Demand Outstrips New Listings

Toronto Home Sales up 97% in March, Prices up as Demand Outstrips New Listings
A real estate "sold" sign is shown in a Toronto west end neighbourhood on May 17, 2020. Graeme Roy/The Canadian Press
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TORONTO—Home prices in the Toronto area continued to climb in March while sales were almost double that of the same month a year earlier, when the rapid spread of COVID-19 led to widespread economic shutdowns, the Toronto Regional Real Estate Board reported Tuesday.

Sales in the area reached a record 15,652 last month, up 97 percent from 7,945 during the same time last year.