According to the Toronto Real Estate Board statistics, this past April 2021 closed with a record number of transactions, in the year to year charts there were 13,663 transaction recorded , which means up to 362.1% compared to the previous april 2020. The average sale price was $1,090,992 up to a 33% in the year to year comparison and all this happening during the COVID-19 pandemic.
But when comparing these numbers with the previous month of march 2021 , the home sales were down by a 12.7% from 15,652 transactions in the previous month, this market deceleration could mean the GTA region may have drained its pool of potential buyers . This is all happening as the Ontario's Vaccine program is rolling out and expanding , reaching out more and more of the population and possibly preparing for a reaperture of the economy.
Check out the Charts below for more details and please feel free to comment your toughts on this blog .
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In this chart you can see the same declining trend for new listings as well. This pattern is interesting and could give as a hint of the things to come in the near future.
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