The lack of available resale inventory coupled with the strong sales pace continued to translate into robust price growth. The average selling price in April was $739,082 – up by an eye-catching 16.2% versus the $636,094 average price in April 2015. All four key market segments recorded substantial annual price growth, as per the following: detached homes (+18.9%), semi-detached homes (+18.2%), townhouses (+13.4%) and condo apartments (+7.6%).