Even with a slighly lower sales volume (~2%) compared to 2012, April has shown to be strong for new and active listings on the Toronto MLS system this year. The Toronto Real Estate Board recently released its monthly Market Watch report for April.
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%.
“Despite the headwinds we have experienced in the housing market this year, Aprilsales came in quite strong in comparison to last year. As we move through the springand into the second half of 2013, the demand for home ownership should continue tofirm-up relative to last year,” said Toronto Real Estate Board President Ann Hannah