Flexletter Toronto Stats

GTA REALTORS ® Release April 2019 Stats Toronto Real Estate Board President

AVERAGE SALE PRICES

657,093 condo UP 1.12% last month

1,355,764 detached UP 6.96% last month

Garry Bhaura announced that Greater Toronto Area REALTORS ® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. New listings were also up year-over- year by eight per cent. However, the annual growth rate for new listings was much lower than that reported for sales. This suggests that market conditions continued to tighten which points toward an acceleration in price growth. “The strong year-over-year growth in sales is obviously a good news story and likely represents some catchup from a slow start to the year,” said Mr. Bhaura. Composite benchmark was up by 3.2 per cent – the highest rate of growth in more than a year. The average selling price was up by 1.9 per cent to $820,148, representing the strongest annual rate of growth so far in 2019. On a preliminary seasonally adjusted basis, the average selling price was also up by 1.1 per cent compared to March 2019. Source: TREB ® The year-over-year rate of price growth generally edged up in April relative to the first three months of the year. The MLS ® HPI

5,734 5,368

DAYS ON MARKET Sample only For more information call 1-800-309-1747 SOLD LISTINGS 3,234 ACTIVE LISTINGS (residential inventory) NEW LISTINGS 56%

2,050

17

416

SALES TO LISTING RATIO

Stats are Reflective of April 2019

Source: TREB ®

Market values stated are of the average of Mississauga and surrounding region. 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.

single family detached NEW LISTINGS condo

phone: 800.309.1747 fax: 780.486.1421 email: arnoldkennedy.ca web: www.arnoldkennedy.com

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