- Record home sales were reported in the Greater Toronto Area (GTA) in April 2015, with 11,303 sales representing a 17% increase from April 2014.
- The average home price in the GTA rose 10% year-over-year to $635,932 in April 2015. Price growth was strongest for low-rise homes but condominium prices also increased above the rate of inflation.
- Demand continued to outpace new listings, and annual home price growth is expected to remain strong until listings grow at a faster pace than sales.