Jun
05
Toronto Home Sales Advance to Record in May as Listings Drop
ByToronto home sales shot to a record in May and prices surged amid fierce competition for single-family homes, figures showed Friday.
There were 12,870 homes sold in May, 11 percent higher than last year, according to the real estate board in Canada’s biggest city. With listings falling 6.4 percent from last year, average prices rose 16 percent to C$751,908 ($581,207). Detached homes in the suburbs led gains with a 21 percent rise while detached homes in the city center rose 15 percent to C$1.3 million…
Toronto Home Sales Advance to Record in May as Listings Drop
