[URBAN NOTE] "Toronto home prices jump 21%, putting sales at record high"

[rfmcdonald]

This brief Canadian Press article at the CBC notes that real estate in Toronto continues to be a hot seller.

October was another hot month for the Toronto area's residential real estate market, with the number of sales hitting a record high and prices soaring by double-digits.

The Toronto Real Estate Board (TREB) says there were 9,768 sales in the Greater Toronto Area — up 11.5 per cent from the same month last year.

Its benchmark price index was also up by 19.7 per cent from a year ago and the average selling price for all types of homes rising by 21.1 per cent to $762,975.