The market’s average price last month increased by almost seven per cent from a year earlier to $552,273, while the benchmark price was up four per cent to $564,700.The board’s chief economist says supply is still under pressure as year-to-date sales remain 23 per cent lower than last year.
“Although we have seen some recent improvements in new listings, particularly for apartment condominiums, it is not enough to cause any substantial change from the low inventory situation in our city,” Ann-Marie Lurie says in a press release.
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