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Real Estate Market Watch – April 2021

Posted by Thomas on May 6, 2021
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On this page, you can find VIP Condos Toronto’s summary of the Toronto Regional Real Estate Board (TRREB)’s April 2021 real estate market watch, with info on prices & trends in the region’s housing market. VIP’s report will provide information such as an overall real estate market outlook, updates & news from April 2021, and specific info on both condo and home prices in the GTA:

Monthly Market Watch - April 2021

Sales & Average Prices - April 2021

 

Real Estate Market Watch: Residential Transactions

  • 13,663 residential home transactions took place in April 2021, up from 2,937 in April 2020 – an increase of 362%.
  • When seasonal adjustments are taken into account, there was a 19.7% decrease in the number of purchases from March 2021 (13,406) to April (10,759).

April 2021 Real Estate News: Average Selling Prices

  • The average sale price for April 2021 was $1,090,992. This is an increase of 33% over April 2020, when it was $820,226.
  • With seasonal adjustments, prices saw a 3.6% decrease from March 2021 (from $1,088,801 to $1,049,874).

 Monthly Market Update: New Listings

  • There were 20,825 listings available for April 2021, which is a 237% increase over April 2020 (when there were 6,180).
  • The sales-to-listings ratio has increased by 18% from April 2020, from 48% to 66%.

Real Estate Market Watch for April 2021: Days On The Market

  • The average property spent 14 days on the market, compared to 24 last year – a decrease of 41.7%.
  • Listings spent an average of 10 days on the market, which is a 47.4% decrease from this month last year (when they spent an average of 19).

 

Click Here To Read TRREB’s April 2021 Real Estate Market Watch Report for Both Homes and Condos

 

In order for you to use these monthly market updates to your advantage, our informative guide for buying pre-construction properties can be found under the Resources tab in the top right corner of this page. It will answer common questions such as:

  • How do I get my down payment?
  • Can I use my RRSP for my down payment?
  • How can I make the profits from my pre-construction purchases tax-free?
  • What type of home or mortgage can I afford?
  • Which incentives are available for first-time buyers?
  • What is a PDI?
  • What are the pros & cons of buying or selling an assignment before closing?

 We at VIP Condos are pleased to offer further information regarding outlooks & prices in the GTA’s home & condo markets – both for April 2021 and beyond. Check out our full series of real estate market watch reports, as well as our home & condo market outlook for 2021.

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