Toronto Home Prices Increase First Half of April. 2015

 

Toronto Home Prices Increase First Half of April. 2015

Greater Toronto Area REALTORS® reported 4,635 home sales during the first 14 days of April 2015. Representing a 3.4 % increase compared to April 2014. New listings were down by 4.6 % year over year.

The average selling price for April mid-month home sales was $625,121 – up seven % year over year Average prices were up for all major home types, both in the City of Toronto and the surrounding regions.

“We are experiencing balanced to seller’s market conditions in most areas and market segments in the GTA. This suggests that home ownership demand is being driven by a wide swath of the population. There is strong growth in condo listings and has been met with strong growth in condo sales. We have experienced growth in higher-end home sales,”

Greater Toronto Area REALTORS® reported 4,635 home sales during the first 14 days of April 2015. Representing a 3.4 % increase compared to April 2014. New listings were down by 4.6 % year over year. The average selling price for April mid-month home sales was $625,121 – up 7 % year over year Average prices were up for all major home types, both in the City of Toronto and the surrounding regions.

“We are experiencing balanced to seller’s market conditions in most areas and market segments in the GTA. This suggests that home ownership demand is being driven by a wide swath of the population. There is strong growth in condo listings and has been met with strong growth in condo sales. We have experienced growth in higher-end home sales,”

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