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Masoud Behbahani
Sales Representative

Kingsway Real Estate
Brokerage

151 City Centre Dr. #300, Mississauga, ON L5B 1M7

Phone: 905-268-1000  Mobile: 416-579-1860  Fax: 905-277-0020

Latest issue of Market Watch April

May 5, 2010 - Updated: June 3, 2010

April Experiences Record Number of Buyers and Sellers

TORONTO - Wednesday, May 5, 2010

 

Greater Toronto REALTORS® reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34 per cent increase compared to April 2009. There were also 20,683 new listings in April – a 59 per cent annual increase. Both the sales and new listings results amounted to new records for the month of April under

the current Toronto Real Estate Board (TREB) boundaries. “The GTA resale market is functioning properly. Sales were high as buyers continued to take advantage of affordable home ownership opportunities. Listings grew as home owners reacted to strong sales and price growth,” said Toronto Real Estate Board President Tom Lebour. “More balanced market conditions will result in sustainable rates of annual price growth in the second half of 2010.”

The average price for April transactions was $437,600 – up 13 per cent compared to the average of $385,641 recorded in April 2009. “Home sales continue to be driven by many different segments of the market, with sales growth for all major home types in both the City of Toronto and surrounding 905 regions,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

“Home sales will remain strong in the second half of 2010, but will slip from the current record pace as borrowing costs rise.”  

Click here for complete Market Watch. pdf

 

 

If You know someone who is looking to buy or sell I would be happy to help!

Your referrals are greatly appreciated.

 

Masoud Behbahani


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