Overview
- Home sales in the Greater Toronto Area fell 23.3% in April compared to the same month last year, according to Toronto Regional Real Estate Board data.
- Seasonally adjusted sales rose 1.8% month-over-month, marking a modest recovery after declines in February and March.
- The average selling price dropped 5.4% year-over-year to $1,107,463, while the composite benchmark price declined 4.1%.
- Active listings surged 54% from April 2024, hitting 27,386 units, while new property listings increased 8.1% year-over-year.
- TRREB President Elechia Barry-Sproule highlighted that improved Canada-U.S. trade relations could boost consumer confidence and home sales in the near future.