Toronto realtors boast of stronger spring market as bidding wars drive prices

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Sales rise sharply in June from year earlier, Toronto Real Estate Board says

Toronto realtors are boasting of a stronger Spring market as home sales and prices perk up from a depressed 2018.

Those stress tests helped slow the rapid pace of borrowing in Canada amid concerns over a debt and housing bubble. Of course, home type and location are still everything, and a detached home in Toronto’s 416 area code will still run you an average $1.3-million, which is actually down 1.6 per cent from a year ago.

 

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