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Greater Toronto Home Sales Rise 7% in April as Lower Prices Jolt Spring Market: Board
Lower home prices and borrowing costs helped lift buyer activity, while the MLS Home Price Index was flat after 10 straight monthly declines.
- Greater Toronto Area home sales rose 7% in April to 5,946 units, marking the largest increase in nine months, according to Toronto Regional Real Estate Board data released on Tuesday.
- Prices stabilized as greater affordability enticed buyers, with the Home Price Index remaining flat at C$929,300, ending a streak of 10 straight monthly declines.
- New listings fell 9.3% to 17,097 units, while total active inventory decreased 6.4% to 25,110 listings, suggesting tightening supply and increased buyer competition.
- TRREB President Daniel Steinfeld noted buyers are taking advantage of more affordable conditions, while realtor Conrad Zurini observed growing confidence as price declines have slowed.
- Chief Information Officer Jason Mercer stated that resolving geopolitical tensions could improve market activity, while buyers face an average five-year fixed mortgage rate of 4.19% according to MortgageLogic data.
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Sales up, listings down: April reports reveal tighter real-estate market for the Toronto area - NOW Toronto
What to know GTA home sales rose seven per cent year-over-year in April, while new listings dropped 9.3 per cent, signalling a tighter market. Wahi’s Economist Ryan McLaughlin says the shift reflects a rebound from historically low sales in 2024 rather than a full market recovery. Most neighbourhoods are still seeing underbidding, though overbidding activity ticked up slightly month-over-month. Despite the tightening conditions, average home pr…
·Canada
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Montreal GazetteReposted by 
Financial Post
Financial PostTRREB: GTA Home Sales Up While Listings Down in April
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·Montreal, Canada
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The Toronto Star+4 Reposted by 4 other sources
Greater Toronto home sales rise 7% in April as lower prices jolt spring market: board
TORONTO - Home sales in the Greater Toronto Area rose on a year-over-year basis for the second straight month in April, while average selling prices moved lower again.
·Toronto, Canada
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Total News Sources13
Leaning Left6Leaning Right2Center3Last UpdatedBias Distribution55% Left
Bias Distribution
- 55% of the sources lean Left
55% Left
L 55%
C 27%
R 18%
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