as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Board revealed Wednesday.
Those sales outpaced new listings, which were down by over a third from a year before, fuelling more competition between buyers who were too hesitant to buy homes earlier this year. "My colleague and I listed a house a couple of weeks ago in the Parkwood area and we were shocked we had 92 showings," she said.
Inventory levels signal sellers"remain at odds with timing the market," said Penelope Graham, director of content at Ratehub.ca, a mortgage rate comparison site. Townhouses slid 3.2 per cent to $986,121 over the same time period and condos were down eight per cent to $724,118. Toronto's data was released a day after the Real Estate Board of Greater Vancouver published its April data, which it said showed home sales are staging a comeback and headed toward levels seen last spring.
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GTA housing market showing signs of tightening: Toronto real estate boardToronto's housing market continued to tighten last month as prices edged up four per cent from March and sales moved closer to the level they were at last April, the Toronto Regional Real Estate Board revealed Wednesday.
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