Sales Soar In April

May 11, 2015

The Greater Toronto Area Realtors have just released the latest sales figures for April. Last month, there were 11,303 sales transactions reported through the TorontoMLS system, setting a record high in the number of sales for April. This figure represents a strong 17 per cent increase compared to April 2014. Meanwhile, the number of new listings was up a more modest 5 per cent year-over-year.

Speaking of these numbers, Toronto Real Estate Board President Mr. Paul Etherington stated that last month’s record-setting numbers “clearly points to the fact that a growing number of GTA households view ownership housing as a high quality, long-term investment. This is evidenced by the strong sales growth we have experienced in Toronto and surrounding regions for all major homes types.”

This, combined with the relative shortage of listings as compared to demand, has helped to drive up the average selling price. Last month, the average selling price was $635,932, which represents a 10 per cent year-over-year increase from $578,354. All home types mirrored this upward trend; however, low-rise home types saw the greatest price growth.

TREB’s Director of Market Analysis Jason Mercer added that “demand for ownership housing was very high relative to the number of homes available for sale in April” and expects this trend to continue for the remainder of the year.

If you have more questions about the real estate market or are thinking about buying or selling your home, speak to a knowledgeable and experienced real estate representative today!


Tagged with: real estate sales torontomls treb april increase gta households
| | Share

Leave a comment...

Please enter the numbers found on the right.

HIRING: Full-Time Real Estate Receptionist

Originally posted on: January 18, 2017
Last updated on: January 23, 2017
Filed under: full-time hiring real estate receptionist job offer
Century 21 King's Quay Real Estate Inc. is an award winning real estate company that provides clients with the opportunity to find their dre ...

HIRING: Part-Time Real Estate Receptionist

Originally posted on: January 10, 2017
Last updated on: January 10, 2017
Filed under: part-time real estate receptionist job hiring office
Part-Time Real Estate Receptionist Description: Century 21 King’s Quay Real Estate Inc. is an award-winning real estate company that ...

2nd Annual Essay Writing Contest Winner

Originally posted on: August 15, 2016
Last updated on: August 16, 2016
Filed under: essay writing contest winner passion goal
Congratulations to Molly Lin for winning this year's essay writing contest! This year, we asked contestants to write about what they were pa ...

感谢您的支持!

Originally posted on: April 27, 2016
Filed under: essay

2nd Annual Essay Contest! Enter For A Chance To Win $1,000!

Originally posted on: April 25, 2016
Filed under: essay contest grand prize winner community
Powered by Lone Wolf Real Estate Technologies (CMS6)