== TREB NEWS RELEASE ==

== TREB NEWS RELEASE ==

NEWS RELEASE




GTA REALTORS® REPORT MID-MONTH RESALE HOUSING FIGURES

TORONTO, April 16, 2015 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 4,635 home sales during the first 14 days of April 2015.  This result represented a 3.4 per cent increase compared to April 2014.  New listings over the same period were down by 4.6 per cent year over year.

“Home sales in the GTA continued to increase in comparison to 2014 as a diversity of buyers took advantage of affordable home ownership options.  However, in many neighbourhoods, listings remain scarce, particularly for ground-oriented home types like singles, semis and towns.  Given the amount of pent-up demand in the market today, sales growth would accelerate further if more homes were listed for sale,” said Mr. Etherington.

The average selling price for April mid-month home sales was $625,121 – up seven per cent in comparison to the same time frame in 2014.  Average prices were up for all major home types, both in the City of Toronto and the surrounding regions.

“We are experiencing balanced to seller’s market conditions in most areas and market segments in the GTA.  This suggests that home ownership demand is being driven by a wide swath of the population.  On one hand, strong growth in condo listings has been met with strong growth in condo sales.  On the other hand, we have also experienced growth in higher-end home sales,” said Jason Mercer, TREB’s Director of Market Analysis.


Summary of TorontoMLS Sales and Average Price April 1-14, 2015
2015
2014
Sales
Average Price
New Listings
Sales
Average Price
New Listings
City of Toronto ("416")
1,630
$676,359
3,222
1,628
$668,739
3,225
Rest of GTA ("905")
3,005
$597,328
4,770
2,855
$536,094
5,155
GTA
4,635
$625,121
7,992
4,483
$584,264
8,380
TorontoMLS Sales & Average Price  By Home Type April 1-14, 2015
Sales
Average Price
416
905
Total
416
905
Total
Detached
566
1,753
2,319
$1,057,687
$719,674
$802,173
Yr./Yr. % Change
-8.6%
7.2%
2.8%
4.1%
12.5%
8.0%
Semi-Detached
174
286
460
$712,872
$487,263
$572,602
Yr./Yr. % Change
7.4%
-9.2%
-3.6%
1.6%
11.2%
8.5%
Townhouse
178
560
738
$561,247
$444,386
$472,572
Yr./Yr. % Change
6.6%
4.1%
4.7%
14.7%
8.2%
10.1%
Condo Apartment
695
322
1,017
$391,937
$313,495
$367,101
Yr./Yr. % Change
3.7%
11.8%
6.2%
1.0%
5.3%
1.8%
 

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