Toronto

Return of the spring rush? Toronto home sales jump in April

Home sales were up in Toronto in April, with the average price hovering at about $820,000.

The average home price has risen by about $15K when compared to last year

Sales and prices were up in April, according to the Toronto Real Estate Board. (Graeme Roy/Canadian Press)

This year, April showers brought rising home sales. 

The Toronto Real Estate Board says home sales last month climbed nearly 17 per cent higher compared with a year ago.

The board says 9,042 homes were sold last month compared with 7,744 in April 2018.

The increase came as the average price rose to $820,148 for the month compared with $804,926 in the same month last year.

New listings for April were up eight per cent compared with a year ago.

On a preliminary seasonally adjusted basis, the board says April sales were up 11.3 per cent compared with March this year.

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