THE SPRING TORONTO REAL ESTATE MARKET IS IN FULL SWING! 

Sales volumes in April moved over the 8,000 unit mark, almost reaching the activity from last April.  The average sale price surged ahead by almost 6% in April to $385,641. This represents an increase of over 12% or over $42,000. from the average price of  $343,632. reported in January of 2009.

Clearly the market is very healthy at this time and it appears as though it will continue.  We have not seen an average sale price this high since April of 2008. 

The Housing Market Indicators show that there are fewer homes for sale in Toronto than in April of 2008 and a 30% drop in the number of new listings coming to market.  This should help to keep prices moving upwards.  The 5 year mortgage rate is being quoted as low as 3.59%!  This will also help prices to continue to rise in the GTA.

Click on Market Watch to check out all of the facts and figures.

 Need more information....please don't hesitate to contact me.