Volume of sales rose by 44 per cent from February to March and the home price index rose by 2.5 per cent to $1,118,500 over the same period
Toronto’s housing market is showing signs that it is on the rebound, with sales jumping and home prices rising in March for the second consecutive month.
The Bank of Canada announced in January that it would hold its key interest rate steady. That started to give prospective buyers confidence that borrowing costs would not rise. Ms. Montgomery said more than 130 people came to one of her open houses over the past weekend. She said the last time she saw that level of interest was in June of last year.
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