According to the Toronto Real Estate Board, there were 85731 sales in 2012, a slight decrease from 89096 sales in 2011.
The average selling price in 2012 was $497298, an increase of about seven percent.
Toronto Real Estate Board President Ann Hannah says that there was strong growth in the first half of 2012, but stricter mortgage guidelines and Toronto’s municipal land transfer tax swayed buying decisions in the second half of the year.
Jason Mercer, Senior Manager of Market Analysis at the Toronto Real Estate Board, says that singles, semis and townhouses saw the strongest price growth.
Source: Toronto Real Estate Board