May 4, 2007 - April Reaches New Heights

Resale housing activity in April powered the Spring market to never before seen heights, with 9,452 sales recorded during the month, TREB President Dorothy Mason announced today.

"With four months passed, 2007 sales to-date are up five per cent over last year," Ms. Mason observed. "We are on track for another near-record year." The Bowmanville area (E17) saw a sales increase of 43 per cent, driven by sales of detached and link houses.

Sales in Cooksville (W15) rose 26 per cent on the basis of strong movement in all housing types, and especially condominium apartments. Bayview Village (C15) and environs recorded a 50 per cent increase in sales over April 2006.

Transactions in most housing types were up over last year. Finally, the South end of Richmond Hill experienced a 30 per cent bump in resale transactions, due to detached and condo apartment sales.

"With April's results now in," Ms. Mason added, "it is clear that the Toronto resale market still holds excellent opportunities for both first time and move-up buyers."

Source: Toronto Real Estate Board