Greater Toronto REALTORS® reported 2,670 sales in January compared to 5,075 in the first month
of 2008.

Demand for existing homes in the Greater Toronto Area moderated as the housing market followed the broader economic slowdown in Canada.

The average home price in the Greater Toronto Area was $343,632, compared to $374,44 last January. The median price was $303,000 compared to $319,000 last year.



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