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Toronto Real Estate Market Update for February

TREB Members reported 6,772 sales in February, an increase over February 2006 (6,756 sales) and the second best total for this month ever recorded for the Toronto Real Estate Board.  

"While the weather last month may have been cold, Toronto's resale housing market remained hot," noted TREB's President. "And while it is too early to make predictions, it is clear from the start of 2007 that the spring season is likely to produce sales numbers at east comparable to those of the past several years, which have been record or near-record performances."

Meanwhile, average prices climbed four per cent over the previous month to $368,687 as sales activity accelerated. They were also up four per cent from the February 2006 figure of $353,928.

The average time-on-market was a torrid 35 days.

Posted: Sunday, March 11, 2007 12:34 AM by Sutton Realty
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