The Spring Market is starting to take shape in Toronto, with this coming week being the week where the sales activity starts to become more intense.

In March, the average selling price for a home in the GTA increased 10 per cent over the same time last year, while home sales jumped by 11 per cent

However, new listings only grew by 5.5 per cent, and this shortage of listings is not enough for the high demand the city is facing for homes.

Even homes almost an hour outside of the city of Toronto are seeing multiple offer situations.

The Globe and Mail has an informative breakdown of the spring market in Toronto that’s worth a read:

spring market in Toronto, check it out here

First published on Royal LePage Johnston & Daniel’s real estate blog Muddy York:

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