"Home sales in the Greater Toronto Area rose on a year-over-year basis for the second straight month in April, with 5,946 homes sold, up seven percent from last year."
"The average selling price was down 4.9 percent from April 2025 to $1,051,969, while the composite benchmark price decreased by 6.6 percent year-over-year."
"Lower home prices and borrowing costs over the past year have been a catalyst for some homebuyers this spring, according to TRREB chief information officer Jason Mercer."
"There were 17,097 new listings on the market in April, down 9.3 percent from last year, contributing to a total of 25,110 active listings, a decrease of 6.4 percent."
In April, home sales in the Greater Toronto Area rose by seven percent year-over-year, totaling 5,946 transactions. Seasonally adjusted sales also increased by 6.1 percent from March. Average selling prices decreased by 4.9 percent to $1,051,969, with the composite benchmark price down 6.6 percent. The Toronto Regional Real Estate Board noted that lower prices and borrowing costs have encouraged homebuyers, although significant pent-up demand remains. New listings fell by 9.3 percent, resulting in a total of 25,110 active listings, a decrease of 6.4 percent.
Read at www.cbc.ca
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