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April Experiences Record Number of Buyers and Sellers: Inside

Average price for April transactions was $437,600 - up 13 per cent compared to the average of $385,641 recorded in April 2009. There were also 20,683 new listings in April - a 59 per cent annual increase. "Home sales continue to be driven by many different segments of the market," said Jason Mercer.

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44 views1 page

April Experiences Record Number of Buyers and Sellers: Inside

Average price for April transactions was $437,600 - up 13 per cent compared to the average of $385,641 recorded in April 2009. There were also 20,683 new listings in April - a 59 per cent annual increase. "Home sales continue to be driven by many different segments of the market," said Jason Mercer.

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Copyright
© Attribution Non-Commercial (BY-NC)
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SINGLE FAMILY RESIDENTIAL BREAKDOWN

April 2010
1.8 % 7.0% %
22.6 % 0.3
0.1 %
April Experiences Record Number of
Buyers and Sellers
TORONTO - Wednesday, May 5, 2010 8.0 %

Greater Toronto REALTORS® The average price for April


reported 10,898 sales through the transactions was $437,600 – up 13 11.9 % 48.3 %
Multiple Listing Service® (MLS®) per cent compared to the average of
in April, representing a 34 per $385,641 recorded in April 2009.
cent increase compared to April
“Home sales continue to be driven Dwelling Type Sales % Median
2009. There were also 20,683
by many different segments of the Detached 5,263 99 $462,000
new listings in April – a 59 per cent
market, with sales growth for all Semi-Detached 1,299 100 $374,000
annual increase. Both the sales and
major home types in both the City Condo Townhouse 869 99 $277,000
new listings results amounted to new
of Toronto and surrounding 905 Condo Apt 2,468 99 $279,000
records for the month of April under
regions,” said Jason Mercer, TREB’s Link 201 99 $355,000
the current Toronto Real Estate Board
Senior Manager of Market Analysis. Att/Row/Twnhouse 758 100 $350,000
(TREB) boundaries.
“Home sales will remain strong in Co-op Apt 28 100 $208,500
“The GTA resale market is functioning the second half of 2010, but will Det Condo 12 98 $322,500

properly. Sales were high as slip from the current record pace as
buyers continued to take advantage borrowing costs rise.” Housing Market Indicators
of affordable home ownership Apr. 2009 Apr. 2010 %Change
opportunities. Listings grew as home
owners reacted to strong sales and
Median Price Sales
New Listings
8,107
12,995
10,898
20,683
(34%)
(59%)
Active Listings* 23,515 22,951 (-2%)
price growth,” said Toronto Real Days on Market 37 21 (-43%)
In April, the median price
Estate Board President Tom Lebour. * All figures for single-family dwellings.

“More balanced market conditions was $373,000, from the


will result in sustainable rates of $330,000 recorded during
annual price growth in the second
half of 2010.”
April of 2009. ■ Inside
District Map ............................................................. 2
Annual Average and Median Price Price Category Breakdown......................................2
East District ............................................................. 3
West District ............................................................ 6
Toronto District ......................................................10
500000 Average Median
North District..........................................................12
400000 Annual Summary ...................................................16
300000 Single Family Comparison ....................................16

200000
100000
0
2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

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