Home ownership is clearly being viewed as a high quality, long-term investment by both fi rst-time buyers and existing homeowners, both of whom were very active in the April market. Our current ultra low interest rates are also clearly going a long way to mitigate the effect of rising home prices. The average selling price for a resale home in the GTA in April was $635,932 – up by an eye-catching 10.0% versus the $578,354 average price posted in April 2014