Column Toronto Real Estate Brokerage Royal LePage RES Ltd/Johnston and Daniel Division Toronto REALTORS® Louise Dodd and Jason Dodd
Column Middle Toronto REALTOR® Louise Dodd Toronto REALTOR® Jason Dodd Toronto Real Estate Services Toronto Real Estate for Sale Previous Toronto Real Estate Sales Toronto Real Estate Information and Other Information
April Real Estate Market

The Toronto Real Estate Board April stats are in. 7,792 single family homes including condominium townhouses and apartments were sold through the Board's MLS system. This number is 32.1% lower compared to the 11,468 sales in April 2017 and 7.8% higher than the 7,225 sales in March 2018.

The average price of a single family home in the G.T.A. is now $779,400 down 5.3% from 2017's average price of $822,614.

The stats are for the entire GTA, which covers from Burlington to Clarington, from Lake Ontario to Lake Scugog.

“The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth,” said Jason Mercer, TREB’s Director of Market Analysis.

We track MLS sales on a daily basis. From November 2016 to April 30th 2017, 10% of the sales in C01-C04, C08-C12, E01-E03, W01, W02 sold for asking price or under. In April the sales were 30-60% for asking or under. The districts noted cover roughly the area from the Lake to York Mills, and from the Humber River to Victoria Park.

The residential resale market in the first four months of 2018 continues to be a story of different markets that vary by housing type and location.

In central Toronto given very limited supply and strong demand, there were bidding wars and often "bully offers" for well priced or under priced properties in both freehold and condominium segments, last month.

Condominium apartment sales and sale prices continue to experience strength and growth with seller's market conditions remaining firmly in place.

The resale market is weaker in the 905 region.

Average Price April 1-30 2018
Average Price April 1-30 2017
City (416)
$865,817
$942,677
G.T.A. (905)
$767,359
$904,429

Average GTA Prices 1994 to 2017

1994
$208,921
2006
$351,941
1995
$203,028
2007
$376,236
1996
$198,150
2008
$379,347
1997
$211,307
2009
$395,460
1998
$216,815
2010
$431,276
1999
$228,372
2011
$465,014
2000
$243,255
2012
$497,130
2001
$251,508
2013
$522,958
2002
$275,231
2014
$566,624
2003
$293,067
2015
$622,120
2004
$315,231
2016
$729,835
2005
$335,907
2017
$822,614
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