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Toronto Market still struggling one year later!

When you review the end of April GTA Real Estate statistics its not hard to see that the market is still a Buyers Market. Sales are down 32.1% year over year! At the same time active listings are 40.8% (that’s almost 5300 more listings than this time last year!). This at a time when interest rates are going up. It means prices will problem drift a little lower over the next year and continue to do so until the listing inventory goes down or there is a surge in Buyers. The one good sign in these numbers is that new listings coming on the market was down 24.6% year over year and this will help h=get the inventory of resale properties down.

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