DCN-JOC News ServicesTORONTO — The GTA new home market rebounded in April with sales starting to return to more traditional levels, the Building Industry and Land Development Association reports.
There were 1,064 single-family home sales in April, up 81 per cent from April 2022 and 16 per cent below the 10-year average. Single-family homes include detached, linked and semi-detached houses and townhouses . Although inventory numbers have moved closer to balanced market requirements of nine to 12 months of inventory, it is too early to suggest required inventory levels have resulted in a sustained balanced market.
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