GTA home prices jump 27.7 per cent in a year

Yachts and condos along the waterfront in Toronto. (Shutterstock)

TORONTO — The average price of homes sold in the Greater Toronto Area last month soared 27.7 per cent compared with a year ago, the city’s real estate board said Friday.

The number of properties sold rose 5.7 per cent from February 2016, even though last year was a leap year which added an extra day of sales, the Toronto Real Estate Board said.

“The listing supply crunch we are experiencing in the GTA has undoubtedly led...

What feeling does this article give you?

#hashtags to follow:

Toronto [+]    Shutterstock [+]    TORONTO [+]    Greater Toronto Area [+]    February 2016 [+]    Toronto Real Estate Board [+]    GTA [+]   

More #news: