Industry News

Toronto real estate continues growth

City's western neighborhoods thrive in March

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In the first half of March, the Toronto-area resale housing market saw a modest gain in sales over the same period a year ago, the Toronto Real Estate Board reported. Realtors documented 3,755 sales during the first half of this month, up 1 percent from mid-March of last year, and up 14 percent from mid-February's sales total of 3,301. "Unlike last year, which started slowly but ended as the best year on record, 2006 has started with a bang," said TREB President John Meehan. "The market is showing a lot of positive signs as it gears up for the peak spring months, and mild temperatures so far this year have helped set the pace." Among the areas that demonstrated particularly high activity in the first half of the month compared to the same timeframe a year ago was the neighborhood of Riverdale. Semidetached homes were the most common type sold in Riverdale, as the area saw 24 percent more overall transactions compared to mid-March 2005. Very strong activity was once again seen in West ...