It looks like April might mark the turning point for Toronto's Real Estate Market. For the first time in years we saw new listings increase at a faster rate than sales. Toronto's real estate market has suffered from a shortage of new listings ever since the market rebounded a year ago.
The Toronto Real Estate Board reported 4,601 sales during the first two weeks of April, a 25% increase over the same period last year. New listings on the other hand increased by 48% to 9,512.
Expect to see the growth in new listings outpace the growth in sales over the next few months
April 17, 2010Market |