Toronto Home Prices Jump 22% as Buyers Contend With Tight SupplyBy
Toronto home prices rose more than 20 percent for the fifth straight month as buyers contended with a shrinking supply of properties on the market.
The average home price in Canada’s biggest city jumped 22 percent to C$770,745 ($591,697) in January from a year earlier, according to the city’s real estate board, and sales climbed 12 percent to 5,188 deals. The number of active listings was half the year-earlier figure, and the average days on the market fell to 19 from 29…
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