Toronto Real Estate Board statistics for April 2009 show that the average price has jumped up by 6.5% since the month before to $385,641 with a volume of 8107 sales made in the month across the GTA – for houses and condos combined.
What this really shows is that Toronto Real Estate has regained almost all of its value, since the market peak. Average home values are now off just 3.1% from the market peak of May 2008.
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Expectation is for a further strong upward surge in volume and value as confidence returns to the country and economic numbers improve.
Let me know if you’d like more market information, or to get my help buying, selling and investing in real estate…
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