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Toronto home prices rise for third straight month, showing signs of rebound

Toronto home prices rise for third straight month, showing signs of rebound

House prices in the Toronto area continued to show signs of stabilizing in March, fuelling predictions the city will see stronger growth in the second half of 2018. The Toronto Real Estate Board (TREB) said the average home in the Greater Toronto Area sold for $784,558 in March, down 14 per cent from record levels in March last year prior to a steep drop that began last May. However, the average sales price in March was up 2.2 per cent compared with February this year, buoyed by modest growth in detached home prices. It is the third consecutive month that average sales prices have risen in the GTA from the prior month, although the monthly sales numbers are not adjusted for seasonal variations. […]

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