The Toronto Regional Real Estate Board says January home sales were up 15.4 percent from the same month last year, while it expects home sales for the year to rise about 10 percent overall. January saw 4,581 home sales, up from 3,968 last year, while the average sales price of $839,363 was up 12.3 percent compared with a year earlier. Looking ahead at the year as a whole, the real estate board is forecasting about 97,000 home sales, up from 87,825 last year. It expects the average selling price to run at about $900,000 for the year, up nearly 10 percent from the average of $819,319 last year as new listings are expected to be flat to down — Canadian Press.
