Toronto Real Estate Market Performance: April 2008 Mid-Month Statistics
April 18th, 2008 Categories: Mid-Month Statistics, News Wire
Welcome to my new mid-month activity report for the Toronto 2008 real estate market. Brief and to the point, it’s my virtual flip chart of the numbers Toronto buyers and sellers need to make good real estate decisions. If interested, a more detailed statistical breakdown can be found on the Toronto Real Estate Board (TREB) website.
Let’s get started!
Toronto Real Estate Statistics
The Greater Toronto Area (GTA) reported 3,955 transactions in the first half of April 2008, down 5% from the same period last year.
In the City of Toronto (defined as the 416 area code), sales are down 11% compared to a year ago, with 1,514 transactions written.
Also in the City of Toronto, the average price for a detached house is now $454,211, up 10% over mid-April 2007. A little squeeze on the affordability orange!
The number of listings are 1% greater than last year, with inventory sitting at 22,985 units.
Toronto Real Estate Market
Activity Summary
Inventory is on the rise. Price continues to appreciate. Sales activity is slipping.
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[…] is in transition. Coming off its best year ever in 2007, the numbers are cooling. Based on the mid-April statistics it would appear that for now buyers are on the sidelines; they are showing signs of reluctance to […]