Greater Toronto home sales down in April but new listings surge: board

The Toronto Regional Real Estate Board says Greater Toronto home sales in April were down five per cent from last year, but new listings surged, which created more choice for buyers and kept prices stable.

The board says 7,114 homes changed hands in the month compared with 7,487 last year, noting April 2023 saw a temporary resurgence in market activity that led to a sales boost.

The average selling price was up 0.3 per cent year-over-year to $1,156,167.

"Many homeowners are anticipating an increase in demand for ownership housing as we move through the spring," said TRREB president Jennifer Pearce in a press release.