Leftbank condo . House prices in Toronto soared by 33%. Home sales in the Greater Toronto area hit an all-time high in April.
But as buyers and sellers surged in infection rates and resumed blockades, the market began to slow from the fierce pace earlier this year.
The single-family villa in Bridle Path, a famous luxury district in Toronto, sells for less than 48 million yuan.
According to the latest figures released by the Toronto area Real Estate Bureau (TRREB) on Wednesday, the Greater Toronto area (Greater Toronto Area) sold 10, 3663 homes in April, an increase of 362% from the 2957 sold in April last year. Last April was the first full month of novel coronavirus’s attack. But housing sales are down 12.7% from March this year, and the housing market is less hot. The real estate bureau also said that the number of newly listed houses listed in April increased by 237% compared with the same period last year, but decreased by 8.4% compared with March this year.
Meanwhile, the average selling price of a house is C $1,09992 (about 5.797 million yuan), up 33% from 820000 in April last year, but down from C $1,0997,565 in March this year. The fall in house prices between March and April this year contrasts sharply with the usual rise in average house prices at this time in previous years. House prices usually rise in March and April, marking the beginning of a buoyant spring market.