Toronto-area home sales drop 15 per cent from Feb. 2012
A house "sold" sign is shown in Oakville, Ont., in this July 2012 file photo. (Richard Buchan/THE CANADIAN PRESS)
Published Tuesday, March 5, 2013 9:28AM EST
TORONTO -- The number of homes sold last month in the Toronto area was down about 15 per cent from the same time last year.
The Greater Toronto Area Realtors association says there were 5,759 sales through the Toronto Multiple Listing Services in February.
That's down from 6,809 in February 2012, when the month had an extra day.
The lower sales volume continues a months-long trend in Toronto.
However, prices continued to go up.
The association says the average transaction price last month in the Greater Toronto Area was $510,580, up from $510,249 in February 2012.