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Toronto real estate sales grow

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In the first half of April, the Toronto-area resale housing market showed a modest increase in transactions compared to the same time period a year ago, the Toronto Real Estate Board reported. Realtors documented 4,140 sales during the first half of April, up 3 percent from the same period a year ago. "The market followed its best first quarter ever with another solid performance to start this month," said TREB President John Meehan. "The spring season is a very important indicator for the overall health of the market and it is very encouraging to see this kind of performance." TREB also reported that the average price of a home in mid-April was $366,878, 2 percent higher than the mid-March figure of $360,285, and up 9 percent over the $337,206 recorded in mid-April of 2005. A few neighborhoods across the Greater Toronto Area showed particularly high mid-April sales totals in comparison to mid-April figures from last year: In the East, Scarborough's Wexford/Dorset Park area saw 71 p...