Toronto Housing Market Steadies as Sellers Bide Their Time
- March home prices climb slightly in Canada’s biggest city
- Condo sales fell the most while townhouses jumped; rentals up
The average price of a home in Toronto rose to C$788,335 in March.
Photographer: Brent Lewin/BloombergThis article is for subscribers only.
Toronto’s housing market was little changed in March as sellers stayed on the sidelines.
Home sales in Canada’s biggest city totaled 7,187 in the month, one sale shy of the same month a year ago, the Toronto Real Estate Board reported Wednesday. Benchmark prices, which adjust for the type of home sold, rose 2.6 percent to C$779,100 ($584,164) from the same period last year. New listings declined 5.1 percent to 13,996 over the year.