TORONTO — The Toronto Real Estate Board says home sales for March totalled 8,081, up 7.2% from a year ago.The increase came as the board also reported the average selling price for the month was $557,684, up almost 8% compared with March 2013.“With borrowing costs remaining low, and in fact declining, strong home ownership demand will continue to butt up against a constrained supply of listings,” said Jason Mercer, the board’s senior manager of market analysis.The number of new listings for the month totalled 14,829 compared with 14,618 a year ago.The Toronto sales results followed a report Wednesday that sales in Vancouver also picked up in March.The Real Estate Board of Greater Vancouver said Wednesday there were 2,641 homes sold, up from 2,347 a year ago.Worries about the health of the Canadian housing market have persisted in recent months amid concerns it is overvalued and what could happen if interest rates rise.However, several of Canada’s big banks recently cut mortgage rates as bond yields dipped ahead of the busy spring real estate season.The Bank of Montreal recently cut a half point from its five-year fixed-rate mortgage offering to 2.99%.TD Bank (TSX:TD) and Scotiabank (TSX:BNS) also offered rates less than 3% on certain mortgages.
Former Ohio State guard JaQuan Lyle will play basketball for New Mexico beginning in 2018-19. He will sit out his first year, per NCAA . Credit: Mason Swires | Former Assistant Photo EditorMonths after junior guard JaQuan Lyle quit Ohio State’s men’s basketball team, he has reportedly found a new home. Lyle is headed west to play for and attend New Mexico, according to TheLoboLair.com.He will have to sit out the 2017-18 season, per NCAA transfer rules, since he has not graduated. Lyle was arrested and charged for three misdemeanors – public intoxication, criminal mischief to a vehicle and disorderly conduct – May 13. Later that day, an Ohio State spokesman told The Lantern Lyle had quit the team April 11.Tuesday evening, Ohio State coach Chris Holtmann told season ticket-holders that he did not expect Lyle to return to Ohio State. He said he consulted the players on a decision about whether to entertain Lyle’s return.“We’ve also involved our entire team in some of those decisions that were made,” Holtmann said. “Obviously they were here and I wasn’t.”Last season, Lyle averaged 11.4 points per contest and led the Buckeyes with 142 assists in 31 games, including 24 starts. He was the final player from Ohio State’s 2015 recruiting class on the Buckeyes’ roster. Now, all five are enrolled and playing at different universities.Lyle isn’t the only former Ohio State men’s basketball player in the state. A.J. Harris, who was also a member of the Buckeyes’ 2015 recruiting class, transferred to New Mexico State after the 2015-16 season and will be eligible to play this upcoming season.