Average Toronto home prices down only 4% over last year.

3,681 TRANSACTIONS IN FIRST HALF OF APRIL

TORONTO, April 17, 2009

– Greater Toronto REALTORS® reported 3,681 transactions in the

first half of April, down seven per cent compared to 3,955 during the same period last year.

“In lock-step with the favorable March results, resale housing market conditions in the first half of

April were markedly improved compared to the winter time,” said TREB President Maureen

O’Neill.

“Households that were on the sidelines at the beginning of the year are now taking advantage of

lower interest rates and lower home prices.”

The average price for MLS® sales was $383,161, down four per cent from $399,117 last year.

“The average home price in the GTA stabilized as resale market conditions tightened over the

past two months,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis.

“Existing home sales increased relative to new listings.”

APRIL MID‐MONTH STATISTICS

YEAR‐OVER‐YEAR REGIONAL BREAKDOWN

Sales Average Price Sales Average Price

City of Toronto (“416”) 1,494 $412,987 1,514 $454,222

Rest of GTA (“905”) 2,187 $362,785 2,441 $370,274

GTA 3,681 $383,161 3,955 $399,117

Source: Toronto Real Estate Board

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I proudly server buyers and sellers in the Toronto Neighbourhoods of: Forest Hill, Cedarvale, North York, North Toronto, Summit Heights, Wilson Height, Bathurst Manor, Leaside, Bayview, Thornhill, Richmond Hill and all surrounding areas.

Whether you’re buying or selling and looking for a Toronto Realtor or feel free to e-mail or phone us and we will be happy to guide you through your real estate experience.

Diane Plant, Broker
Forest Hill Real Estate, Brokerage
(416) 488-2875

Visit MY Website

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