Google+ FANNY LEE & THE TEAM :Own Homes. Grow Wealth. Pass It On.: Toronto Area Home Resale Market - April 2016

Wednesday, May 18, 2016

Toronto Area Home Resale Market - April 2016

This Spring, representing the start of real estate season, TREB reported yet another record month with 12,085 resales in the Greater Toronto Area during April.

Key top-line notes:
  • Year-over-year, overall volume increased by 7.4%, average selling price reached $739,082 versus $636,094 in April 2015.
  • MLS Home Price Index Composite Benchmark rose 12.6% compared to 12 months ago.
  • Shortage of "416" Area low-rise listings resulted in the dip of sales in the these segments.
  • Detached and Semi-detached average selling price increased by 18+% in a year.
  • 17% more 416 Area condos resales this year.
  • New listings and active listings were lower than the same time last year.
"As we move into the busiest time of the year, in terms of sales volume, strong competitions between buyers will continue to push home prices higher... "

If you wish to know what would your property would sell for in this market, contact us for a no obligation evaluation.  Join our Facebook page to stay current with the market.



  • 買賣增7.4%,平均售價從去年$63萬6升至今年$73萬9
  • MLS住宅價格綜合指數 (Home Price Index Composite Benchmark) 漲12.6%
  • 「416」和「905」地區獨立屋和半獨立屋同樣搶手,價格一年升多過18%
  • 「416」區高層樓宇市場暢旺,買賣增17%
  • 新掛牌和累積賣盤偏低,有利賣家。


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