Toronto housing market firm despite oil pressure

Oil prices have hurt real estate prices in Alberta but the market in Toronto shows continued growth. This from the Toronto Real Estate Board (TREB). It says the Greater Toronto Area, saw 4,355 sales last month, compared to 4,103 last year (a jump of six per cent).  The average price rose from $526,965 to $552,575. The City of Toronto (416) accounted for 1,561 of those sales, while the rest of the region (905) saw 2,794 homes sold.