Real Estate News

Tight Toronto housing market pushes prices to record highs with biggest gains in three years

Photo by Francesca Tosolini on Unsplash

The number of homes sold in Canada’s largest city fell 3 per cent from November, the biggest decline since February, the Toronto Real Estate Board said Tuesday. Still, benchmark prices kept climbing, rising 0.5 per cent last month to record highs and bringing gains to 7.3 per cent from the previous year, the fastest pace of year-over-year growth since 2017.

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