Market Conditions Promote Price Growth in April

TORONTO, May 3, 2013 – Greater Toronto Area REALTORS® reported 9,811 sales 
through the TorontoMLS system in April 2013, representing a dip of two per cent in 
comparison to 10,021 transactions in April 2012. Both new listings during the month 
and active listings at the end of April were up on a year-over-year basis.


The average selling price for April 2013 transactions was $526,335 – up by two per cent 
in comparison to April 2012. The MLS® HPI Composite Benchmark Price was up by 2.9 
per cent.
“The condominium apartment segment in the City of Toronto was a key driver of price 
growth in April, with both the average selling price and the MLS HPI apartment index 
up on a year-over-year basis. The improved condo sales picture, with Toronto sales 
down by only one per cent compared to last year, suggests that interest in condo 
ownership may be improving," said Jason Mercer, TREB's Senior Manager of Market 
Analysis.

Check the summary of all transactions. 

- Average ratio of Sell to Listing price ration is between 97 to 99 % , what it means to you ?  that in GTA if you list any home for $100 it will sell between $97 and $99.

- Average day on market for any property in GTA is anywhere 21 days to 30 days, which is a sign of a healthy market.

Do you know your Hydro Rates have changed?

Yes, Today is May 1st and Hydro rates in Ontario has changed.

• Off-peak (6.7 cent/kWh), when demand for electricity is lowest. Ontario households use the majority of their electricity – nearly two thirds of it – during off-peak hours.
• Mid-peak(10.4 cent/kWh), when demand for electricity is moderate. These periods are during the daytime, but not the busiest times of day.
• On-peak(12.4 cent/kWh), when demand is highest. The busiest times of day. Generally when people are cooking, firing up their computers and running heaters or air conditioners.

Reasons for Higher and Lower PricesTime-of-use electricity prices are like many cell phone rates, which are cheapest when demand is lowest: during the evenings, on weekends and on holidays.

Likewise, electricity rates in Ontario are cheapest when demand is low. That’s because the province is using a steady stream of its cheapest electricity. This power comes from low-cost sources like nuclear generators and large hydroelectric stations.

As daytime begins, more people and businesses turn on their lights, appliances and devices. At some point, the province will exhaust its supply of cheap power. It then turns to more expensive sources, like natural gas-powered plants-and renewable like wind turbines.