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