Market Conditions Promote
Price Growth in April
Click to view the full report Market Watch April 2013 TREB
May 3, 2013 -- Greater Toronto Area REALTORS® reported 9,811 sales through the TorontoMLS system in April 2013, representing a dip of two per cent in comparison to 10,021 transactions in April 2012. Both new listings during the month and active listings at the end of April were up on a year-over-year basis.
“Despite the headwinds we have experienced in the housing market this year,
April sales came in quite strong in comparison to last year. As we move through
the spring and into the second half of 2013, the demand for home ownership
should continue to
firm-up relative to last year,” said Toronto Real Estate Board President Ann Hannah.
“It has been almost a year since the federal government enacted stricter
mortgage lending guidelines. It is realistic to surmise that some households,
who originally put their decision to
The average selling price for April 2013 transactions was $526,335 – up by two per cent in comparison to April 2012. The MLS® HPI Composite Benchmark Price was up by 2.9 per cent.
“The condominium apartment segment in the City of Toronto was a key driver of
price growth in April, with both the average selling price and the MLS HPI
apartment index up on a year-over-year basis. The improved