GTA Housing in April
By Elli Davis, May 9, 2010
Dollar Sign by Jim Legans
Fresh data about GTA housing, in April, has just been published in a report by the Toronto Real Estate Board! It states that 10,898 sales through the Multiple Listing Service were reported this past month by the Greater Toronto REALTORS. From April 2009, that means a 34 percent rise.
New listings were also up this April, if compared to a year ago. They increased by 59 percent and their number was 20,683 last month. Home prices in the GTA rose too. The average price for a home this April was $437,600. From April 2009 and $385,641, it shows a growth of 13 percent. The median price for a transaction this past month was $373,000, up from the $330,000 recorded last April.
This is good news; the GTA housing market still seems to be doing well. Though, the situation is predicted to worsen soon. I do not know whether it is just the pessimist in me, but I usually do not expect to see good results. Expecting the worst, means seeing good results is all the more satisfying.