It's another sign that Greater Toronto's real-estate market may be stabilizing: Sales are still declining year over year, but not as steeply as they have for the past five months.
In the first two weeks of this month, 2,565 houses were sold in the GTA, down 19.4 per cent from the 3,183 sold the same two weeks in March, 2008, according to Toronto Real Estate Board figures released yesterday.
But the 19.4-per-cent drop marked the smallest rate of decline in volume in five months.
December and January posted sales declines of 45 and 47 per cent, respectively, from a year earlier. Last month, sales were down 32 per cent from a year earlier.
