Home sales, prices in Toronto could hit record in 2016, real estate board says

The Toronto Real Estate Board expects home sales in Canada’s largest city will be strong in 2016 and may set a record. TREB estimates its member realtors will sell between 96,500 and 105,000 residential properties this year – either just above or just below last year’s record high of 101,229 transactions. The average selling price is also expected to rise to between $655,000 and $665,000 – one of the highest in Canada – up from $622,217, which … [Read more...]