Toronto’s housing market continued to show signs of stabilizing in April, but sale prices remain significantly below the record levels hit last spring.
New sales data from the Toronto Real Estate Board (TREB) shows the average home sold for $804,584 in the Greater Toronto Area in April, a 12-per-cent drop from $918,184 in April last year, when the market hit a record peak before beginning a steep slide in May.
April’s average sales price was 0.2 per cent below the average sales price in March this year, based on preliminary seasonally adjusted numbers. TREB said the month-over-month sales trend “has flattened out” over the past two months after the market saw a steeper drop in January and February. [기사 전문 ↓]
Source: Toronto home prices tumble, but market shows signs of stability | The Globe and Mail