May 15, 2019 Battle Team

Royal LePage Market Stats April 2019

Substantial year-over-year increase in April sales

9,042 home sales were reported through the Toronto Real Estate Board MLS in April 2019, a jump of 16.8 percent compared to April 2018. The average selling price for all home types combined was up by 1.9 percent over the same period – the strongest annual rate of growth so far in 2019. Condos continue to trend as a positive driver of year-over-year price growth. However, active listings for the month dropped below levels seen in April 2018 and new listings are not keeping pace with sales – an environment that supports pricing acceleration. This, in combination with the OSFI mortgage stress test, represents a formidable challenge to the first time home buyer, the root of the real estate market.  A report issued May 3rd by Canada Mortgage and Housing Corp. citing that there has been “improved alignment overall between house prices and housing market fundamentals” since the stress test was implemented, can be seen as an indicator of the government’s intent to keep the stress test in place for the foreseeable future.

, , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,

Visit us on Social Media!

QUESTION? READY TO WORK WITH US?

  • Sign up
Password Strength Very Weak
Lost your password? Please enter your username or email address. You will receive a link to create a new password via email.
We do not share your personal details with anyone.
Have an inquiry?

Thank You for getting in touch! We’ll be back to you shortly.

Sure! Ask us anything, anytime! No inquiry is too small or too silly!

Either email us at info@buyselltoronto.com, call at 416-236-1871 or text us at 416-451-2190.

Or fill out the form below and we’ll get back to you shortly!

Your Email(required)

Your Phone(required if you would prefer texting)

What Can We Help You With? smily-face

How would you like us to contact you?

EmailPhoneText

We Promise Not To Spam You Or Fill Your Inbox With Junk

X
CONTACT US