The Greater Toronto Realtors recently reported there were 4,567 sales listed through the TorontoMLS system in January, which was an 8.8 percent increase compared with the 4,199 sales reported in January last year.
Also, sales growth posted the strongest showing for low-rise home styles in the areas surrounding the city.
"A favorable affordability picture bolstered by very low posted fixed mortgage rates has kept home buyers confident in their ability to achieve the Canadian goal of home ownership," said Richard Silver, president of the Toronto Real Estate Board. "The buyer pool remains diverse in the GTA with strong interest in home types across the pricing spectrum."
Although mortgage rates continue to dominate housing industry news in Canada, the Toronto Real Estate Board Commercial Division Members recently reported that 464,008 square feet of total leased commercial space registered in January 2012, which was a 41 percent decrease compared with the year before. Also, industrial space made up 86 percent of the total square footage leased over that time.