Canadian home prices rose in February as prices continued to climb in the hot Toronto market, data showed.
Toronto real estate prices are expected to continue rising this year after a strong 2020. Here, we break down the January 2021 data from the Toronto Regional Real Estate Board (TRREB), and highlight some key takeaways for homebuyers and sellers across the Greater Toronto Area.
Housing starts surge 23.1 per cent in January
THE CANADIAN PRESS
Sales activity for the month up 35.2% from January 2020. New listings dropped by 13.5 percent in January compared to the previous month.
TORONTO – Homebuyers in the Greater Toronto Area may have to spend more than they ever have before.
The Toronto Regional Real Estate Board said that the average selling price for homes in the area will top $1 million for the first time later this year.