Toronto home sales claw back some recent declines in April
Seasonally adjusted sales were up 1.8 per cent on a month-over-month basis at 4,267 units, marking a modest recovery after declines of 4.2 per cent in March and 24.3 per cent in February.
The average selling price fell 0.7 per cent to C$1,065,687 (US$771,007.81). It was the fifth month in the last six of falling prices.
On a year-over-year basis, sales declined 23.3 per cent and the average selling price was down 4.1 per cent.
"Following the recent federal election, many households across the GTA are closely monitoring the evolution of our trade relationship with the US," TRREB President Elechia Barry-Sproule said in a statement.
"If this relationship moves in a positive direction, we could see an uptick in transactions driven by improved consumer confidence and a market that is both more affordable and better supplied."
The Greater Toronto Area includes Toronto, Canada's most populous city, and four surrounding regional municipalities.
Canadian Prime Minister Mark Carney, whose Liberal Party won last week's general election, is due to meet US President Donald Trump in Washington on Tuesday. Canada sends about 75 per cent of its exports to the US, including steel, aluminum and autos, which have been hit with hefty US tariffs.
Seasonally adjusted new listings fell 0.7 per cent in April from March to 15,214 units. On a year-over-year basis, new listings climbed 8.1 per cent.
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