May 4, 2007 — With 581 sales reported on April 30, the highest single day total ever documented, April’s total transactions reached an astounding 9,452, the best single-month total ever recorded. The Greater Toronto Area’s resale housing market has showed sustained strength and these phenomenal numbers bode well for the remainder of this year’s spring market.
Average prices climbed three per cent in April, to $379,025 from last April’s $366,683.
Overall price increases are holding at marginally above the inflation rate, which means that potential first-time buyers are not being pushed out of the market.