Toronto Real Estate Update For April 2021 | Sale Prices Jump By 33% In Greater Toronto Area

Toronto Real Estate Update For April 2021 | Sales Jump By 33% In Greater Toronto Area
🔶Home sales in the Greater Toronto Area (GTA) set a new record for April.
🏠 The average selling price was $1,090,992, up 33 per cent from $820,226 last April.
Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Bucking the regular seasonal trend, April 2021 sales actually declined month-over-month. A similar trend was noted for the number of new listings reported.
GTA REALTORS® reported 13,663 sales through TRREB’s MLS® System in April 2021 – a 12.7 per cent decrease compared to March 2021, but more than quadruple the number of sales reported in April 2020, when the economic impact of COVID-19 was arguably the worst. Compared to the ten-year sales average of 10,000 for the April 2010 to April 2019 period, the April 2021 sales result was up by 36.6 per cent.
New listings followed a similar track – down by 8.4 per cent compared to March 2021, but more than triple the number of new listings reported in April 2020. Compared to the ten-year new listings average for the April 2010 to April 2019 period, the April 2021 new listings count was up by 18.3 per cent.

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Ishtiaq Ahmed
Broker
Century 21 Innovative Realty Inc. Brokerage
www.iwillsell.ca
Ph: 416-999-6975