March 2010 housing activity in GTA continued on it's upward sawing versus a year ago. Prices were up 20% year over year. This jump represents a two year increase of about 7% per year which is more than the historical rise of 4% year.
There were also almost 4,000 more homes changing hands last month versus the year before. Ahead of the expected interest rates hikes and the introduction of the Harmonized Sales Tax, buyers are taking advantage of the remaining window ahead of these cost increases.
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