April 2011 – Mid-month market snapshot

Sales activity has been quite strong during the first half of April.  Inventory is low and demand is strong driving prices higher.  Average sale price is 12% higher compared to same period last year.

Where is Spring?  A bit of a late start this year!  Our feeling is that once the weather becomes a bit more favourable, more homes will come on the market and the market will move towards a balance.

For more details as published by the Toronto Real Estate Board click on the following link - Mid-month Resale Housing Figures