The median home price was $508,097 in April, which was a decrease of 0.1 percent from March but a 13.1 percent increase from April of last year. The median home price has increased by nearly $58,887 in the past year, but much of these gains are attributable to the desirable Toronto and Vancouver markets.
A seasonally adjusted 47,031 homes were sold in April, which was up 3.1 percent from March and 11.6 percent from the previous year. Currently, 2016 is outpacing 2015 by approximately 20,676 home sales.
The sales-to-new-listings ratio rose to 64.5 percent in April, and a seasonally adjusted 72,932 new listings came on the market. This ratio could indicate a seller?s market in the majority of regions.
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