In April 2014, the real estate sales activity for homes in Toronto and Canada wide rose to soaring heights. According to TREB's Market Watch, the average selling price for March 2014 has increased 8% since the same time last year. There has been increased competition between buyers, which allowed the selling price to rise. More and more people are finding homes in their price range, and the real estate market is booming this Spring and strong price growth will be on the cards for the rest of the 2014 year. Real estate sales activity in Toronto and the GTA is in favour of sellers this Spring, but TREB's President Dianne Usher stated in her report that "a greater number of buyers found affordable home ownership options, as evidenced by sales growth for all major home types".
If you are looking to buy or sell your home in Toronto or surrounding areas, then this is definitely the right time to do it! This Spring it is time to take advantage of the real estate market, get your desired asking price and find your dream home.