Residential Market Update – December 1996

The Toronto resale market closed out the year with 55,779 sales of single-family dwellings, up a remarkable 42 per cent from 39,273 in 1995 and up 26 per cent from 44,237 in 1994. “What a year!” commented 1997 TREB President Jerry England. “The continued downward trend in interest rates pushed the market to levels of [...]