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In April, 9,811 sales were reported through the TorontoMLS system.

Ann Hannah, the president of the Toronto Real Estate Board, expects that demand for home ownership will continue to gradually increase into the second half of 2013.

The average selling price in April was $526,335, an increase of 2 per cent from April of this year.

Jason Mercer, TREB’s Senior Manager of Market Analysis, noted that condominium apartment sales was a key factor in the month over month price growth.

Source: Toronto Real Estate Board

So, what do you think ?