Feb 19, 2013 -- Greater Toronto Area REALTORS reported 2,823 sales thru the TorontoMLS system in the first 14 days of Feb.
"The number of transactions was lower for most home types contrasted to last year, but so too was the number of new listings. This indicates that market conditions stayed quite tight, especially for low-rise home types.
"The yearly rate of price expansion so far in February has been in line with expectancies for 2013. The result was continued price expansion over last year," recounted Toronto Real-estate Board President Ann Hannah. The average selling price in the GTA will continue to grow this year but at a slower pace matched against 2012. The basis of this price growth will be the low-rise wedge of the market, for which months of inventory and so choice for buyers remains extremely low," claimed Jason Mercer, TREB's Senior Boss of Market Research.
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