Toronto housing sales remain strong...

There may be widespread economic panic in the rest of the world, but Toronto’s housing market keeps plowing ahead unscathed:

Consider these numbers:
• $478,137: The average price of a house in the GTA in October, up almost 8 per cent from $443,633 at this time last year, according to the Canadian Real Estate Board.

• $362,899: The national average price of a house, up 5.5 per cent from October, 2010

• 16: The number of bids Monday on a Cleveland St. detached house in Toronto’s Yonge-Davisville area which sold for $146,000 over its $839,000 asking price.

Source: theStar.com
By Susan Pigg, Business Reporter

Click here to read more...