Written by 1:50 AM General Views: 3

Toronto On Fire

Sales of existing homes in Toronto have been hot.  January sales broke a record with 5,173 homes sold, up 13% from January 2006.  Prices rose 9% to an average of $353,724. 

Seems like there’s still room to rise in Canada’s biggest city, where home prices are dwarfed by its sister on the Pacific, Vancouver.  (Story by The Star)

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Last modified: February 8, 2007

Robert McLister is one of Canada’s best-known mortgage experts. A mortgage columnist for The Globe and Mail, interest rate analyst and editor of MortgageLogic.news, Rob has been covering Canada's mortgage market since 2007.

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