Greater Toronto Area
in April, the highest level on record.
Sales were up 17 per cent from April last year and new listings were up by five per cent year-over-year.
Paul Etherington, president of the Toronto Real Estate Board, said: “The record April result 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 home types. First-time buyers and existing homeowners remain very active in today’s market.”
Average sales prices increased by 10 per cent year-over-year to reach $635,932. Low-rise home prices increased more strongly than condos, but there was still healthy growth in the apartment sector.
To learn more about the Toronto housing market, use CREW's free online investment hotspot tool
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:
North Williamston, Innisfil, Falkland, Châteauguay, Wawa
There were 11,303 home sales in the