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The Toronto Real Estate Board (TREB) has released the housing figures for February, and with 5,025 sales reported across the region, volume was down a slight 2.4% from the same time last year. The average sales price of all transactions rose to $780,397, representing a year-over-year gain of 1.6%. New listings fell 6.2% from the same time last year to 9,828. There is little doubt that extreme temperatures and heavy snowfall factored into the decision making for both buyers and sellers.
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