Toronto Real Estate Market Report April 2014

| May 8, 2014
Toronto real estate market

Despite a tight market and a shortage of listings, April’s sales figures for the Toronto real estate market are still showing an increase over last year. The 1.8% increase in sales came primarily from the single-detached, semi-detached and townhouse market segments.

The average selling price for April 2014 was up by 10.1 percent over 2013, coming in at $577,898.

April usually has the highest numbers of sales, and there is little chance of there being an influx of new listings in the following months. In fact, this April had 4.5% fewer listings than at the same time last year. Homeowners are choosing to renovate rather than move, so potential buyers can expect the market to remain competitive throughout the remainder of the year.


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