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Toronto housing posts record year in 2016 amid supply shortage
Published Fri, Jan 6, 2017 · 09:50 PM
Ottawa
LAST year was a record year of double-digit gains for Toronto's housing market. Supply tightened and the cost of an average home shot past C$700,000 (S$756,780) for the first time.
Sales figures released on Thursday by the Toronto Real Estate Board showed that the city's realtors sold C$82.6 billion worth of homes last year, a jump of nearly C$20 billion from 2015. Unit sales rose 12 per cent and prices increa…
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