March 2011 - Greater Toronto Area

The Toronto Real Estate Board reported 9,262 transactions  through the TorontoMLS® system in March 2011, the second best March result on

record, 11 per cent lower than the record set last March.

The average selling price for March 2011 was up five per cent year-over-year to $456,147. The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately seven per cent for both home types.

Median transaction price was $385,000, up from the $370,000 recorded March of last year.

Dwelling Type             Sales          %               Median

Detached               4,294          99             $487,000

Semi-Detached            1,057         100             $385,000

Condo Townhouse            745          99             $292,000

Condo Apt              2,271          98             $295,000

Link                     161         100              $415,000

Att/Row/Twnhouse           702          99              $362,450

Co-op Apt                30          98              $196,500

Det Condo                 2          98               $349,445

Mar. 2010 Mar. 2011 %Change

Housing Market Indicators

                              March 2010              March 2011

Sales                           10,430               9,262 (-11%)

New Listings                      18,914              15,315 (-19%)

Active Listings*                      18,684              16,616 (-11%)

Days on Market                         20                  23 (15%)

* All figures for single-family dwellings.

The GTA market remains strong with positive economic growth, low  interest rtes and increasing employment.