Greater Toronto REALTORS®, according to TREB (Toronto Real Estate Board) reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34% increase compared to April 2009. There were also 20,683 new listings in April – a 59% 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 Tom Lebour.
“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.”
