While the housing market picture, on the whole, was a bit nuanced, TRREB President Jennifer Pearce said that the numbers were encouraging, and bode well for how the rest of the spring will play out.With Good Friday falling in March this year, last month was a quieter one for Greater Toronto Area home sales compared to the year prior. The latestfrom the Toronto Regional Real Estate Board (TRREB) show that there were 6,560 transactions recorded, marking a 4.5% decrease over March 2023..
In addition, the figures show that sales recorded over the first quarter of the year were up 11.2% compared to the same period last year. Meanwhile, on the inventory front, new listings were down 3% over February, but up 18.3% in the first quarter and 15% year over year. TRREB also noted on Wednesday that “despite a better-supplied market compared to last year, there was enough competition between buyers to see a moderate increase in the average March home price compared to last year’s leve
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