Market News

April Statistics show that 8762 houses sold in the Greater Toronto Area. The GTA Market was down 7 per cent from last April’s record 9452 transactions. However it is still showing signs for a healthy 2008 during compared to the diminished activity during the first quarter of 2008.
The sales pace however did not take place evenly throughout the GTA with 3467 transaction in the city of Toronto, sales were down 10 Per cent from a year ago. The 905 region was down five per cent from April 2007 sales, with 5295 homes changing hands.
Price continued to appreciate last month to a GTA average of $398687, up five per cent from last April’s $379,025.
The average price in the City of Toronto was $446,781, up six per cent from April 2007. The 905 region’s average price of $367,196 increased five per cent from a year ago.

All news from Toronto Real Estate board