Statistics for February from The Greater Toronto Real Estate Board have been published today, showing a rise in the average sale price of 5.1% from the month earlier number. The average price for homes in the GTA rose from $343,632 in January 2009 to $361,305.
From one year ago, the GTA market is down 5.4% and from the market peak in May 2008, we are down 9.3%.
This continues to show the strength of the Toronto real estate market. It should rebound rapidly as soon as the whole economic picture improves.
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