Members of the Toronto Regional Real Estate Board reported 2,975 transactions in April 2020, down 67% year over year. The complete slowdown in sales was buffered by the lack of new product, with only 6,174 new listings, or a similar decline of 64%.

toronto real estate report april 2020

Toronto Real Estate prices fell 9% this month, down to $821,392. Although we’ve given up the beginning of the year’s gains, sale price is only 0.1% up from where it was this time last year.
One thing is certain: the month of May is shaping up to be a clear indicator for the rest of the year. As social distancing measures begin to ease, buyers and sellers will return to their original plans before the interruption.