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There are signs of hope in the Greater Toronto Area for the key spring existing home market as sales have started to recover from a steep sales downturn.
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Toronto is slowly stepping into the shadows of its booming suburbs as prosperous businesses look to set up on the outskirts of the city rather than downtown, according to a new report by the Board of Trade.
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Canadian housing starts entered positive territory for the first time in six months in March, but analysts say the rebound might be short-lived as the new home market braces for more turmoil.
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The latest residential real estate re-sale data in Vaughan.
March 2009 MLS Sold Statistical Summary for District N08 - Vaughan
Here are some highlights:
* Total Sales increased by 24%, compared to the same period in March 2008.
* Total Sales increased by 108%, compared to February 2009, unlike the change during the same period in 2008, which only saw an increase of 6%.
* Average months of inventory was 3.3 months compared to 3.4 months in March 2008. Average months of inventory decreased ... Read Full Story