With 581 sales reported on April 30, the highest single day total ever documented, April's total transactions reached an astounding 9,452, the best single-month total ever recorded, TREB President Dorothy Mason announced today. "The Greater Toronto Area's resale housing market has showed sustained strength and these phenomenal numbers bode well for the remainder of this year's spring market." Average prices climbed three per cent in April, to $379,025 from last April's $366,683.

Despite the torrid sales pace," Ms. Mason said. "Overall price increases are holding at marginally above the inflation rate, which means that potential first-time buyers are not being pushed out of the market."

NEIGHBOURHOOD CORNER

Markham Markham (N01, N10,N11) has seen 1,433 sales during the first four months of this year for an average price of $417,818. This is up four per cent over the $403,229 recorded to the same period in 2006.

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