Toronto real estate market conditions remained tight in March 2017, with sales up 17.7% and new listings up 15.2% compared to March 2016. While new listings increased, the rate of growth was lower than the rate of sales growth, contributing to ongoing tight market conditions. The average selling price across the Greater Toronto Area increased 33.2% year-over-year to $916,567. Strong competition between buyers continued to drive high levels of price growth in all major housing segments in the region.