According to the statistics for the GTA, 3,955 resale homes were sold in the first two weeks of April. This is a 5% drop when compared to the figures last year at the same time. Though the average price has risen to
$399,117 and the number of homes on the market is 1% greater, properties are sold faster - at an average rate of 28 days on the market.

But it’s not all bad for the entire city. Some areas of Toronto did better than last year. Willowdale, which includes the Yonge and Sheppard area, experienced a staggering 75% increase. The jump has been attributed to, not surprisingly, strong sales in condominiums and townhomes. Riverdale is another area that experienced a 10% increase, with detached home sales leading the way.

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