April 2018 Home Sale and Price data are out!
GTA April 2018 April 2017 Change
Sales 7,792 11,468 -32.1%
Average Price $804,584 $918,184 -12.4%
While a decrease in sales was observed across all housing types, it was greatest for detached houses (-38.4%) compared to condo apartments (-26.0%).
Similarly large houses contributed to the decrease in average sales price, with detached houses falling in sales price 14.4% year over year, whereas condo apartments saw an increase in average sale price of 3.2% year over year.
Average Sale price data for April 2018 for Oakville and Burlington:
Houses Oakville Burlington
Detached $1,338,062 $964,428
Semi-detached $743,400 $586,625
Townhouses $781,980 $640,395
Condo Townhouses $536,873 $492,476
Condo Apartments $659,777 $423,485
Mortgage rates in April 2018:
1 yr 3,34%
3 yr 4.15%
5 yr 5.14%
Source: Toronto Real Estate Board
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