Sales jumped even as the number of active listings was down 24 per cent in December from a year earlier to 14,440, for the 51st consecutive month of declines.
Higher sales with less availability helped push up the median price of a single-family home by nine per cent to $355,000, a similar price rise to past three months. The median price of a condo rose five per cent from a year earlier to $285,000.
For the year, single-family home sales were up seven per cent and the median price up six per cent, while condo sales were up 14 per cent and prices up five per cent.
This report by The Canadian Press was first published Jan. 8, 2020.