| Thursday
May 1, 1997. |
| Toronto Residential Real Estate Market Report for April 1997 |
| April market breaks 6,400 |
| The spring market is heating up with Members of the Toronto Real Estate Board (TREB) reporting 6,423 sales of single-family dwellings last month. April’s sales are up 16 per cent from 5,550 in March, and up 27 per cent from 5,070 recorded in April, 1996. |
| Looking at prices, the average rose one per cent to $213,107 from $210,207 in March, and the median rose slightly to $185,000 from $183,650. Compared to April last year, the average was up seven per cent from $198,445 and the median also rose seven per cent from $173,000. |
| Commenting on April’s outstanding performance, TREB President Jerry England simply said ”I think the market speaks for itself.” |
| TREB’s 1997 inventory continued to rise in April with 22,311 active listings at months’ end, up nine per cent from 20,459 in March. |
| TREB’s 6,423 single-family dwelling sales, which were reported throughout the Greater Toronto Area, totalled $1,368,788,641 and averaged $213,107. The median price was $185,000. |
| Breaking down the total 2,381 sales were reported in TREB’s 27 West districts and averaged $197,337; 916 sales were reported in the 14 Central districts and averaged $308,688; 1,189 sales were reported in the 23 North districts and averaged $236,212; and 1,937 sales were reported in TREB’s 21 East districts and averaged $173,111. |