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Toronto real estate market hits more turbulence in February

Posted on 06 March 2013

It was another rough month for Toronto’s housing market in February. Sales of homes in Canada’s biggest city were down 15% from a year earlier, while the price of an average home edged up 2% to 510,580 Canadian dollars ($497,398), according to the Toronto Real Estate Board.
Since 2012 was a leap year, the year-earlier period benefited from an extra day of sales, the realtor association pointed out. Taking away that additional day, a 28-day comparison would show a smaller decline of 10.5% in sales, TREB said………………………………………..Full Article: Source


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