Skip to content
Subscriber Only
Business
Pursuits

Toronto Home Price Growth Slows as New Listings Soar

  • Average price rises 25% to C$920,791 after 33% jump in March
  • New listings jump 34% as Ontario imposes foreign buyer tax
Video player cover image

Ontario Tries to Temper Rising Toronto Home Prices

Updated on

Toronto home price gains slowed in April and new listings soared the most in seven years, signaling the red-hot market may be cooling after the Ontario government imposed new measures to curb runaway gains in Canada’s biggest city.

Housing prices jumped 25 percent last month from a year earlier, down from the 33 percent annual increase in March. The average price of C$920,791 ($671,000) in April was just 0.5 percent higher than in March, according to figures from the Toronto Real Estate Board.