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by CareyBot

In the first half of January, the Toronto-area resale housing market posted a 15 percent increase in sales compared to the first half of January 2005, the Toronto Real Estate Board reported. Realtors reported 1,508 sales during the first half of this month, up from 1,310 sales during the same period a year ago. "As usual, activity in the post-holiday season market is more moderate than during the peak spring months, but so far it is running at a normal pace for this time of year," TREB President John Meehan said. "Sales typically accelerate during the second half of the month and into February as the spring market begins to warm up." Strong sales of condominiums played a significant role in one of the hottest markets in the Greater Toronto Area. In Toronto's Downtown/Harborfront area, sal...