In April, there were 9,042 home sales in the Greater Toronto Area reported through the MLS system, which is 16.8% higher than the same period last year. This is also 11.3% higher than the amount of sales in March 2019.
The Toronto Real Estate Board released its resale housing market results for March 2019, reporting steady sales and prices, though the market remained tight. TREB also continues to blame the mortgage stress test for slower sales.
A recent report from RE/MAX of Ontario-Atlantic Canada says that homebuying activity in the Greater Toronto Area has shifted to the west, but millennials may swing activity back to the east in the near future.