In Ottawa, there were 1,714 residential sales through the MLS of Ottawa Real Estate Board; a 9.4 per cent increase from a year earlier and hitting the second-highest April record. The figure also smashed the 5-year average for the month.
The average sales prices gained 0.2 per cent year-over-year to $403,603 while inventory levels were healthy with new listings rising 13.8 per cent from March, although 2.8 per cent lower than Aril 2015.
In Montreal, condos led the gains for sales. Overall residential sales were up 3 per cent year-over-year according to the Greater Montreal Real Estate Board, with 4,798 sales.
Condo sales increased 7 per cent with a 2 per cent rise in median sales price to $235,000. Single-family homes sold 1 per cent more than April 2015 while prices rose 1 per cent to a median $290,000. Sales of plexes rose 4 per cent year-over-year and median prices were up by 6 per cent to $469,000.
Windsor-Essex County Realtors reported that market activity grew 7.13 per cent in April, with sales up 16.67 per cent year-over-year to 679 units. Year-to-date sales were up 17.53 per cent compared to the same period of 2015 while the average sales price rose 14 per cent to $227,520.
Are you looking to invest in property? If you like, we can get one of our mortgage experts to tell you exactly how much you can afford to borrow, which is the best mortgage for you or how much they could save you right now if you have an existing mortgage. Click here to get help choosing the best mortgage rate
Investment Hot Spots:
Murray Harbour, Inglis, Grande-Anse, Saint-Gabriel, Brudenell
Housing market activity in April proved strong in a number of regions according to realtors’ figures.