"In March, 5,039 homes changed hands in the Greater Toronto Area, up 1.7 percent from the same month last year, marking the first increase since last September."
"The average selling price was down 6.7 percent from March 2025 to $1,017,796, and the composite benchmark price was down 7.4 percent year-over-year."
"TRREB president Daniel Steinfeld says it's an 'encouraging' sign to see activity start to grow, suggesting more households are seeking to take advantage of improved affordability."
"There were 14,442 new listings on the market in March, down 16.7 percent from last year, while inventory decreased eight percent."
In March, home sales in the Greater Toronto Area rose by 1.7 percent year-over-year, marking the first increase since September. The average selling price decreased by 6.7 percent to $1,017,796. The composite benchmark price fell by 7.4 percent year-over-year. New listings dropped by 16.7 percent, totaling 14,442, while total active listings decreased by eight percent to 21,596. TRREB president Daniel Steinfeld noted the increase in sales as an encouraging sign of improved affordability attracting more buyers.
Read at www.cbc.ca
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