Toronto real estate up 12% this year

Toronto, April 8 (CINEWS): Here’s a real estate update. The Toronto Real Estate Board says it had record high sales volume and another jump in prices during the first quarter, anchored by a strong March. There were 22,575 sales through the board’s members during the first three months of 2016, including 10,326 in March.Sold-house
The number of sales was up about 16 per cent, compared with the same month and quarter last year.
For the Greater Toronto Area as a whole, the average selling price for all types of residential property in March was $688,181.
That’s up about $74,000 or 12 per cent from the March 2015 average price of $613,815.
The average price within the City of Toronto itself was $699,745 last month, with the average price for fully detached homes at $1.17 million and the average condo price at $416,251.

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