This document summarizes home sales statistics in the Greater Toronto Area for the first 14 days of April 2015. It reports that home sales increased 3.4% compared to the same period last year, while new listings declined 4.6%. The average home selling price was up 7% to $625,121. Market conditions are described as balanced to seller's market, with demand coming from a wide range of buyers but listings remaining scarce for certain home types.

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Greater
Toronto
REALTORS®
Report
Monthly
Resale
Housing
Figures
TORONTO, April 16, 2015 – Toronto Real Estate Board President Paul Etherington announced
that Greater Toronto Area REALTORS® reported 4,635 home sales during the first 14 days of
April 2015. This result represented a 3.4 per cent increase compared to April 2014. New
listings over the same period were down by 4.6 per cent year over year.
“Home sales in the GTA continued to increase in comparison to 2014 as a diversity of buyers
took advantage of affordable home ownership options. However, in many neighbourhoods,
listings remain scarce, particularly for ground-oriented home types like singles, semis and
towns. Given the amount of pent-up demand in the market today, sales growth would
accelerate further if more homes were listed for sale,” said Mr. Etherington.
The average selling price for April mid-month home sales was $625,121 – up seven per cent in
comparison to the same time frame in 2014. Average prices were up for all major home types,
both in the City of Toronto and the surrounding regions.
“We are experiencing balanced to seller’s market conditions in most areas and market
segments in the GTA. This suggests that home ownership demand is being driven by a wide
swath of the population. On one hand, strong growth in condo listings has been met with strong
growth in condo sales. On the other hand, we have also experienced growth in higher-end
home sales,” said Jason Mercer, TREB’s Director of Market Analysis.
Summary of TorontoMLS Sales and Average Price April 1-14, 2015
2015 2014
Sales
Average
Price
New
Listings Sales
Average
Price
New
Listings
City of Toronto ("416") 1,630 $676,359 3,222 1,628 $668,739 3,225
Rest of GTA ("905") 3,005 $597,328 4,770 2,855 $536,094 5,155
GTA 4,635 $625,121 7,992 4,483 $584,264 8,380
TorontoMLS Sales & Average Price By Home Type April 1-14, 2015
Sales Average Price
416 905 Total 416 905 Total
Detached 566 1,753 2,319 $1,057,687 $719,674 $802,173
Yr./Yr. % Change -8.6% 7.2% 2.8% 4.1% 12.5% 8.0%
Semi-Detached 174 286 460 $712,872 $487,263 $572,602
Yr./Yr. % Change 7.4% -9.2% -3.6% 1.6% 11.2% 8.5%
Townhouse 178 560 738 $561,247 $444,386 $472,572
Yr./Yr. % Change 6.6% 4.1% 4.7% 14.7% 8.2% 10.1%
Condo Apartment 695 322 1,017 $391,937 $313,495 $367,101
Yr./Yr. % Change 3.7% 11.8% 6.2% 1.0% 5.3% 1.8%
NEWS RELEASE