Mortgage News
Toronto home prices up almost 9% from last year
December home sales in Toronto were up almost 14% and prices were up nearly 9% compared with a year earlier, the Toronto Real Estate Board said Monday.
Published
On Monday, the Toronto Real Estate Board released its December figures, revealing an improvement when compared to 2012. December home sales were up almost 14%, and a 9% increase in home prices was reported.
Despite a rocky start to the year, and extreme weather conditions in December, the Toronto market is believed to have faired well in 2013.
Toronto's average home price in December 2013 cam in at $520,398, compared to $477,756 in 2012.