Greater Toronto home sales down in April but new listings surge: board

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Greater Toronto home sales down in April but new listings surge: board
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TORONTO — The Toronto Regional Real Estate Board says Greater Toronto home sales in April were down five per cent from last year, but new listings surged...

TORONTO — The Toronto Regional Real Estate Board says Greater Toronto home sales in April were down five per cent from last year, but new listings surged, which created more choice for buyers and kept prices stable.

The inventory surge in April was unsurprising, given spring is typically a hot season for new property listings, said Jessica Hammell, a broker who focuses on downtown and midtown Toronto properties for Real Broker Ontario."Once it starts to get nice and the sun is shining, people definitely come out of the woodwork and start making their plans," she said.

All property types except townhouses saw fewer sales in April compared with a year ago throughout the GTA. Detached homes saw the biggest drop at 7.2 per cent, followed by condo apartments at 6.5 per cent. VANCOUVER — Greater Vancouver's real estate board says the number of homes that changed hands in April rose 3.3 per cent from the previous year, but total sales were still well below the 10-year average for the month. Greater Vancouver Realtors says there were 2,831 home sales in the region last month, compared with 2,741 sales recorded in April 2023. That came as the number of Metro Vancouver homes listed for sale rose 42.1 per cent year-over-year to 12,491, which is 16.

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