Toronto Home Sales Plunge 69% in First Half of April, Prices Dip
- Listings drop sharply as owners decline to sell in pandemic
- Selling price for detached homes falls below C$1 million
This article is for subscribers only.
Toronto home sales and listings plunged in the first part of April as the Covid-19 pandemic curbed demand in Canada’s largest city.
Greater Toronto saw 1,654 home sales in the first 17 days of April, a 69% drop from the same period a year ago. Few owners were trying to sell. New listings fell 64% to 3,843, the Toronto Regional Real Estate Board said in a statement. The figures are for the city of Toronto and its suburbs.