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Toronto real estate market appears to be stabilizing
Posted: April 06, 2009, 6:58 PM by Rob Roberts
By Danna Zabrovsky, National Post
The average price of a GTA home dropped about 5% in March, compared to the same month last year, to $362,052. But the Toronto Real Estate Board says that’s the lowest decline year-over-year in five months.
“What we saw in February and again in March was a bit of a pick-up after sales had dropped off quite strongly in the December-January period,’’ said Jason Mercer, TREB’s senior manager of market analysis. ‘‘We have seen more interest in residential real estate in the Toronto area over the last couple of months.”
