NEWS RELEASE 

 


GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES

 

TORONTO, May 3, 2013 -- Greater Toronto Area REALTORS® reported 9,811 sales through the TorontoMLS system in April 2013, representing a dip of two per cent in comparison to 10,021 transactions in April 2012.  Both new listings during the month and active listings at the end of April were up on a year-over-year basis.

 

“Despite the headwinds we have experienced in the housing market this year, April sales came in quite strong in comparison to last year.  As we move through the spring and into the second half of 2013, the demand for home ownership should continue to firm-up relative to last year,” said Toronto Real Estate Board President Ann Hannah.

 

“It has been almost a year since the federal government enacted stricter mortgage lending guidelines.   It is realistic to surmise that some households, who originally put their decision to purchase on hold, are once again looking to buy,” continued Ms. Hannah.

 

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 per cent.

 

“The condominium apartment segment in the City of Toronto was a key driver of price growth in April, with both the average selling price and the MLS HPI apartment index up on a year-over-year basis.  The improved condo sales picture, with Toronto sales down by only one per cent compared to last year, suggests that interest in condo ownership may be improving," said Jason Mercer, TREB's Senior Manager of Market Analysis.

 

 

Summary of TorontoMLS Sales and Average Price April 1 - 30

2013

2012

Sales

Average Price

New Listings

Sales

Average Price

New Listings

City of Toronto ("416")

3,591

$576,315

7,004

3,835

$568,179

6,399

Rest of GTA ("905")

6,220

$497,480

11,266

6,186

$483,470

10,071

GTA

9,811

$526,335

18,270

10,021

$515,888

16,470

TorontoMLS Sales & Average Price  By Home Type April 1 - 30, 2013

 

Sales

Average Price

 

416

905

Total

416

905

Total

 

Detached

1,264

3,675

4,939

852,090

588,784

656,170

 

Yr./Yr. % Change

-11.8%

2.5%

-1.6%

2.5%

2.2%

1.1%

 

Semi-Detached

415

681

1,096

595,398

410,739

480,660

 

Yr./Yr. % Change

-5.5%

1.3%

-1.4%

2.4%

4.3%

2.7%

 

Townhouse

398

1,123

1,521

433,710

375,269

390,562

 

Yr./Yr. % Change

-3.6%

-1.2%

-1.9%

2.3%

3.5%

3.1%

 

Condo Apartment

1,479

582

2,061

379,266

273,832

349,493

 

Yr./Yr. % Change

-1.3%

-7.3%

-3.1%

5.6%

-5.9%

3.1%

 

 

 

 

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