Greater Toronto REALTORS® reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34 per cent increase compared to April 2009. There were also 20,683 new listings in April - a 59 per cent annual increase.

Both the sales and new listings results amounted to new records for the month of April under the current Toronto Real Estate Board (TREB) boundaries.

The GTA resale market is functioning very well in current market conditions. Sales were high as buyers continued to take advantage of affordable home ownership opportunities and listings grew as home owners reacted to strong sales and price growth.  Average days on market was 21 this year vs 37 for April 2009.

The average price for April transactions was $437,600 - up 13 per cent compared to the average of $385,641 recorded in April 2009. "Home sales continue to be driven by many different segments of the market, with sales growth for all major home types in both the City of Toronto and surrounding 905 regions," said Jason Mercer, TREB's Senior Manager of Market Analysis. "Home sales will remain strong in the second half of 2010, but will slip from the current record pace as borrowing costs rise."

See below for sales by type of dwelling and by area..

Housing Market Trends by Type of Dwelling- Total GTA