At first glance, April was another record setting month for Toronto Real Estate. When comparing April 2021 to April 2020 [when the impact of COVID on Toronto real estate was the most significant], the ‘416’ is showing significant growth in key market indicators including sales up +355%, new listings up +237% and active listing up +33%. However, when compared to March 2021, there was a modest slowing in the number of sales in April 2021 indicating that the blazing pace of home sales for the previous six months may be moderating.
Selling prices for all major home types remained strong with pricing with increases in average selling prices for detached houses [+36%], semi-detached houses [+19%], and townhouses[+20%] vs. April 2020. As previously predicted, April 2021 marked a turning point for the ‘416’ condo segment with renewed price growth pushing average condo selling prices +19%, vs. April 2020.
Looking to buy or sell a home in Toronto? Average prices in April were as follows:
➕ Condo $727,137