The Ontario-based board revealed 13,663 homes were sold in the region last month, a 362 per cent increase from the 2,957 properties sold during the prior April, which was the first full month of the COVID-19 pandemic.While sales remained strong, TRREB president Lisa Patel called them a “marked slowing” and said they signal a pullback in activity in a market that has been overheating since last year, despite the ongoing health crisis.
The average selling price amounted $1,090,992, up 33 per cent from $820,226 last April but down from $1,097,565 in March 2021. However, TRREB's chief market analyst Jason Mercer described the decrease seen this year as “modest slowing” and pointed out that prices across all major home types remain very high.
C H I N A
It goes up again
Sustainable!