ARTICLE · 11 MAY 2017

Toronto Housing Update: April 2017

Devry Smith Frank LLP

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As anticipated in our previous Toronto housing market update, the warmer weather has brought more listings available to home-buyers in Toronto.

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Devry Smith Frank LLP

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As anticipated in our previous Toronto housing market update, the warmer weather has brought more listings available to home-buyers in Toronto.

Unfortunately, with the jump in listings, the price of homes continued to rise, up 24.5 per cent. This brings the average to $920,791 on average for all types of housing. This, all occurring as there was a 33.6 per cent increase in re-sale listings in our spring market.

In summary, more supply for the buyers, and great sale prices for sellers.

In an article by the Toronto Star, they state the following:

Detached, semi-detached, and town houses saw a boost in new listings
Re-sale condos on the market stayed about the same as last year, but was the only housing category with a sales growth of 7.7 per cent region-wide

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