Courtesy of Amir Baxaria

Toronto April Market Report

$1,822,244 detached UP 1.9% year-to-year

$766,917 condo/apartment

UP 2.0% year-to-year

$904,976 condo/townhouse DOWN 4.7% year-to-year



detached 1,709

407 condo/town.




7,506 ACTIVE LISTINGS (residential inventory)

GTA REALTORS ® , May 3, 2024 – Greater Toronto Area (GTA) REALTORS ® reported 7,114 sales through the Toronto Regional Real Estate Board (TRREB) MLS ® System in April 2024. “Listings were up markedly in April in comparison to last year and last month. Many homeowners are anticipating an increase in demand for ownership housing as we move through the spring. While sales are expected to pick up, many would-be home buyers are likely waiting for the Bank of Canada to actually begin cutting its policy rate before purchasing a home,” said TRREB President Jennifer Pearce. The MLS ® Home Price Index (HPI) Composite benchmark

was down by less than one per cent year-over-year. The average selling price was up by 0.3 per cent to $1,156,167. “Generally speaking, buyers are benefitting from ample choice in the GTA resale market in April. As a result, there was little movement in selling prices compared to last year. Looking forward, the expectation is that lower borrowing costs will prompt tighter market conditions in the months to come, which will result in renewed price growth, especially as we move into 2025,” said TRREB Chief Market Analyst Jason Mercer. Statistics reflect market activity in April 2024 | Source: TRREB ® Toronto Regional Real Estate Board | Market values stated are average prices. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

Oh by the way... I am never too busy for any of your referrals.


Privacy Disclosure: We respect your privacy. The sponsor indicated on the front panel provides a complimentary subscription of this publication to you, a valued client. If at any time or for any reason you do not want to receive this publication, please contact the sponsor using any of the contact info on the front panel, and your personal information will be removed from the mailing list immediately. Without response to this cancellation offer, we assume your implied consent and permission to continue provision. Disclaimer: This publication is distributed for the purpose of information only. It is not intended to solicit buyers or sellers currently under contract by a real estate firm or under contract with another Broker or Mortgage Specialist, nor is it intended to cause or induce breach of any existing agreement. Distributed by: Copyright© 2024 All Rights Reserved / Printed on recyclable material. The trademarks REALTOR ® , REALTORS ® and the REALTOR ® logo are controlled by CREA and identify real estate professionals who are members of CREA.

Made with FlippingBook - professional solution for displaying marketing and sales documents online