GTA REALTORS® reported 11,303 sales in April 2015. This presents the highest sales result on record for April and it's 17 per cent more than in April 2014. The overall average selling price has increased in a year-over-year comparison to $635,932. Price growth was the strongest for low-rise homes.
April being a record month points to the pent-up demand that exists in the marketplace: the unusually cold winter has acted to push the normal Spring market to a higher level exceeding past Aprils.
This will likely end up adding activity to what is normally a quieter Summer market. I expect we will see more active months to come and hopefully it will mean more product to meet the demand. We are in great need of more listings in the marketplace before more balance can be achieved...
Title Photo by wyliepoon