The average selling price in the GTA was $501,614 in March – up by 10 per cent in comparison to March 2011

Year over year figures are up again, as the Toronto Real Estate Board releases its monthly sales figures for March 2012.  
“The GTA resale market has not suffered from a lack of willing buyers this year.  Buyers have been spurred on by the positive affordability picture brought about by low mortgage rates,”
 Toronto Real Estate Board President Richard Silver
We expect to see York Region to remain strong throughout the spring season, with inventory levels increasing as more homeowners put their real estate on the market.
Report via TREB