Toronto leads country in home sales - MoneySense

Toronto leads country in home sales

City sees spike in buying activity.

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Toronto’s housing market is continuing to heat up, with the month of March seeing a 69% increase in sales over the same period last year, according to Yourhome.ca.

The surge is being credited to consumers wanting to make their purchases before the upcoming interest rate hike. Toronto’s numbers for the month — 10,434 properties sold — were the highest in Canada.

New listings also increased, rising 41%.

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