Toronto housing market sees strong sales, price growth in January
Real estate 'Sold' sign
The Canadian Press
Published Wednesday, February 3, 2016 8:31AM EST
TORONTO - Housing sales in the Toronto area continued to post strong growth in January, with the number of deals up 8.2 per cent from the same month last year.
The Toronto Real Estate Board also says prices were up by 11.2 per cent, as measured by a benchmark price index.
The average selling price within the region was $631,092 last month, with the City of Toronto's average at $636,728 and surrounding areas averaging $627,871.
Toronto and parts of southern Ontario were among the hottest in Canada last year, surpassed only by the Vancouver area and the Lower Mainland region of British Columbia.
"It is clear that the handoff from 2015 to 2016 was a strong one," TREB president Mark McLean said in a statement.