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Article Summary
- Toronto area home sales are up 24.3% in December compared to last year
- The average selling price of homes in the area is up 11.2% compared to last year
- Condo sales are also up, with a 75% increase compared to last December
- The increase in sales is attributed to low borrowing costs and changing housing needs due to the pandemic
- The overall tone of the article is positive, highlighting the increase in home sales and prices in the Toronto area.
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Toronto-area Home Sales Continue Post-rate Cut Surge: Real Estate Board
GreaterTorontohome sales jumped again last month on a year-over-year basis, as theTorontoRegional Real Estate Board says lower borrowing costs made properties more affordable.
https://globalnews.ca/news/10900936/toronto-area-h...
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