The average price of a Toronto home was $431,509, up 19 per cent from February, 2009

The Toronto Real Estate Board reported 7,291 homes sold compared with 4,120 resale homes in February, last year.

It should be noted that the 77 per cent increase year over year was in comparison to 2009's global economic crisis that resulted in the Toronto Real Estate market being at the bottom at that time.

The Canadian Mortgage and Housing Corporation released a forecast that the Real Estate Market in Toronto will remain heated for the first half of the year before trending down for the second half and into 2011.

On statistic that deserved a spotlight was the Toronto MLS listings have increased by 24 per cent from February, last year at this time.

The TREB president also noted that existing home sales and average price increases were noted across the GTA in low-rise and high-rise homes suggesting first-time buyers ,move-up and down sizing buyers were all active in the market.

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