GTA Releases Mid-Month Resale Housing & First Quarter Condo Figures

TORONTO — Greater Toronto realtors reported 4,260 sales through the Toronto MLS system during the first 14 days of April, representing a slight dip of less than one per cent compared to the same period in 2012. The reported sales figure did benefit from one extra working day compared to last year, because Good Friday in 2012 fell in April. The average selling price for April mid-month sales was $527,397, up 4.3 per cent compared to $505,617 in 2012.
Condo apartment sales through Toronto MLS were reported at 4,133 condominium units during the first quarter of 2013. This result was down by approximately 17 per cent in comparison to the first quarter of 2012. New listings of condominium apartments were also down on a year-over-basis in the first quarter, but by a lesser annual rate of five per cent.