The average price for a home in the first two weeks of this month was as high as $440,153. From the very same period last year, when the average price was $365,499, that means a 20 percent rise.  In the city of Toronto solely, 726 homes have been sold in March so far. Their average price was $491,680. Both numbers increased from March 2009. Exactly 987 home sales with average price $400,454 were reported during first two weeks of the month back then. 

 

Interestingly, the sales during the first half of March this year were 16 percent higher than in a very successful month – March 2006.  That is great news indeed! Is it the coming spring that inspired people to buy? Or are the numbers this great due to still low interest rates? I think it might be the mix of both.