Canada’s largest housing market continued to be plagued by shrinking inventory in the first month of 2020, spurring another double-digit jump in prices.

Active listings across the Greater Toronto Area sank 35 percent year-over-year in January, while sales climbed a little more than 15 percent as 4,581 properties traded hands, according to data released Thursday by the Toronto Regional Real Estate Board (TRREB).

That pick-up in activity combined with fewer homes on the market resulted in the average selling price rising 12.3 percent to $839,363.

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