Toronto Breaks All Sales Records Month of April 2016-Diane Plant
By Diane Plant, Broker, TorontoHomeSearch: Forest Hill Real Estate
(Forest Hill Real Estate Inc, Brokerage)
Toronto just broke a record in April.There were a reported 12,085 home sales in Toronto last month, according to the Toronto real estate board, who argues that figure could have been even higher had there been more supply.“While April’s sales result represented a new record for sales, that number could have been even higher if we had benefitted from more supply,” Toronto Real Estate Board President Mark McLean said. “In the City of Toronto in particular, some households have chosen not to list their home for sale because of the second substantial Land Transfer Tax and associated administration fee. “The lack of available inventory, coupled with record sales, continued to translate into robust annual rates of price growth.”Sales increased 7.4% year-over-year in April, according to TREB, ...
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