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...

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