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.
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Investment Hot Spots:
Union Square, Lake Lenore, Indian River, Baxters Corner, Hosmer
There were 11,303 home sales in the