Toronto Real Estate Board Members reported a solid 8,361 sales in April, TREB President John Meehan reported today.

“April’s result was the third best performance ever recorded for the month, and year-to-date sales, at 28,020, are up five per cent over January-to-April of 2005.” Meanwhile, prices trended upward in April, with the average rising four per cent over March to $366,683. It was also up seven per cent over the $342,032 recorded in April of 2005. “A price jump like this is good news for home-owners. However, potential purchasers can take comfort from the fact that, with listings up four per cent over last April 25,245, further increases should be quite limited for the remainder of the year.”

Breaking down the total, 3,189 sales were reported in TREB’s 28 West districts and averaged $340,900; 1,442 sales were reported in the 14 Central districts and averaged $499,194; 1,701 sales were reported in the 23 North districts and averaged $393,841; and 2,029; sales were reported in TREB’s 21 East districts and averaged $290,262.

Click to view Residential Market Update – April 2006