Toronto Home sales for February  declined 32 per cent showing the rate of decline is slowing.

December Home sales dropped 45 per cent and January posted a decline of 47 per cent.

Even with this decline 4,120 homes sold at an average price of $361,305 showing there are still motivated buyer an sellers in the Toronto Real Estate Market.

Sellers are in no rush to put their homes on the market as the number of listings dropped 11 per cent compared with February 2009.

Several Toronto Condos are coming on the Market like the Murano Condos on Bay street and London on the Esplanade that will bring up sales and prices in the downtown area of Toronto in the months to come.