Greater Toronto REALTORS® % reported 9,041 existing home salesthrough the TorontoMLS® system in April 2011. This result was down17 per cent compared April 2010 when sales spiked to a new record of 10,898.
While off last year’s record result, April 2011 sales were in line with the average April sales level reported over the previous five years. “Existing home sales have been strong from a historic perspective through the first four months of 2011. Expect the pace of sales to remain robust through the spring, as the economy expands and home buyers continue to benefit from affordablehome ownership opportunities,” said Toronto Real Estate Board (TREB) President Bill Johnston. see full report
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