TORONTO BREAKS REAL ESTATE SALES RECORD

Jan 05, 2017

By Dave Woodard

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It was another record year in terms of real estate sales in this city.

The Toronto Real Estate Board says the average home price soared to more than $730,000 last month – up 20% from December of 2015.

The board says strong December sales volume helped make 2016 a record year for realtors in the Greater Toronto Area.

For the full year, The Toronto Real Estate Board sold more than 113-thousand homes through the MLS system.

That’s up nearly 12% from 2015 which was the previous record high.

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