up about 34% compared to the same month last year.
GTA REALTORS(r) Report Monthly Resale Housing Figures
TORONTO, May 5, 2010 - Greater Toronto REALTORS(r) reported 10,898 sales
through the Multiple Listing Service(r) (MLS(r)) in April, representing a 34
per cent increase compared to April
2009. There were also 20,683 new listings in April - a 59 per cent annual
increase. Both the sales and new listings results amounted to new records
for the month of April under the
current Toronto Real Estate Board (TREB) boundaries.
"The GTA resale market is functioning properly. Sales were high as buyers
continued to take advantage of affordable home ownership opportunities.
Listings grew as home owners reacted
to strong sales and price growth," said Toronto Real Estate Board President
More balanced market conditions will result in sustainable rates of annual
price growth in the second half of 2010."
The average price for April transactions was $437,600 - up 13 per cent
compared to the average of $385,641 recorded in April 2009.
"Home sales continue to be driven by many different segments of the market,
with sales growth for all major home types in both the City of Toronto and
surrounding 905 regions," said Jason Mercer, TREB's Senior Manager of Market
Analysis. "Home sales will remain strong in the second half of 2010, but
will slip from the current record pace as borrowing costs rise."