Toronto Central Real Estate

Greater Toronto REALTORS® reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34 per cent increase compared to April 2009. There were also 20,683 new listings in April – a 59 per cent annual increase.

Both the sales and new listings results amounted to new records for the month of April under the current Toronto Real Estate Board (TREB) boundaries.

The GTA resale market is functioning very well in current market conditions. Sales were high as buyers continued to take advantage of affordable home ownership opportunities and listings grew as home owners reacted to strong sales and price growth. Average days on market was 21 this year vs 37 for April 2009.

The average price for April transactions was $437,600 – up 13 per cent compared to the average of $385,641 recorded in April 2009. "Home sales continue to be driven by many different segments of the market, with sales growth for all major home types in both the City of Toronto and surrounding 905 regions," said Jason Mercer, TREB's Senior Manager of Market Analysis. "Home sales will remain strong in the second half of 2010, but will slip from the current record pace as borrowing costs rise.”

See below for sales by type of dwelling and by area..

Housing Market Trends by Type of Dwelling– Total GTA
Detached Jan‘10 Feb‘10 Mar’10 Apr’10
Average Price $445,000 $453,000 $541,535 $542,348
% chge vs Yr Ago +22% +22% +24% +14%

Semi-detached Jan‘10 Feb‘10 Mar’10 Apr’10
Average Price $345,500 $367,000 $396,825 $412,602
% chge vs Yr Ago +22% +22% +14 +19%

Condos Jan‘10 Feb‘10 Mar’10 Apr’10
Average Price $270,000 $285,000 $304,930 $307,770
% chge vs Yr Ago +19% +12% +17% +13%



District
Area Avge Selling Price April 2010 %chge Apr’10 vs
Apr’09
Total GTA $437,600 +13%

C01 Downtown $404,911 +17%
C02 Annex/Bloor W, etc $742,781 +16%
C03 Midtown $958,262 +27%
C04 North Toronto $846,157 +14%
C06 Dublin Heights/Willowdale $504,663 +6%
C08 Cabbagetown/Downtown $393,901 +16%
C09 Rosedale $1,340,350 +29%
C10 Davisville/ L. Park $804,975 +34%
C11 Leaside/Old East York $530,512 -5%
C12 Bayview/York Mills $1,518,902 +28%
E01 Riverdale/Leslieville $509,260 +21%
E02 The Beach/Leslieville $624,798 -3%
E03 Danforth/East York $434,605 +23%
Condo Sales

C01 Downtown Core $380,936 +16%
C08 St Lawrence/Downtown $361,975 +13%
C07-14 Yonge Sheppard $351,588 +17%
C15 Bayview Sheppard $309,526 +16%
Source: Toronto MLS