Greater Toronto home sales in March down 39.5 per cent from year ago

TORONTO — The Toronto Real Estate Board says home sales in the Greater Toronto Area in March fell 39.5 per cent compared with a year ago.

The board says there were 7,228 home sales through its MLS system last month compared with a record 11,954 sales in March 2017.

New listings also fell to 14,866 for the month, down from 16,978 a year earlier.

The average price of a home sold also dropped to $784,558 last month compared with $915,126 in March last year.