Prices continued on their slow climb in April, rising nearly 1 per cent to $247,303 from the March figure of $245,553, TREB President Marilyn Baubie reported today. The President also noted that prices were up 6 per cent from April 1999.

“One piece of very good news this month is the increase in active listings, which are up 8 per cent to 19,304 from the March figure of 17,929,” Ms. Baubie said. “While this is still down (6 per cent) from 1999, we are very happy to see any rise in available inventory. This ought to help put a damper on unsustainable price increases over the course of the near future.”

Finally, TREB Members reported 5,996 sales in April, down 9 per cent from the near-record 6,594 sales recorded last year, and down 2 per cent from the near-record 6,133 sales seen in March. Breaking down the total 2,243 sales were reported in TREB’s 28 West districts and averaged $224,414; 935 sales were reported in the 14 Central districts and averaged $376,761; 1,116 sales were reported in the 23 North districts and averaged $262,006; and 1,702 sales were reported in TREB’s 21 East districts and averaged $196,711.

Click to view Residential Market Update – April 2000