Published Wednesday, May 5, 2021 9:45AM EDT TORONTO April delivered a record number of home sales for the Greater Toronto Area, but the market is starting to slow from the intense pace seen earlier this year, the Toronto Regional Real Estate Board said Wednesday. The Ontario-based board revealed 13,663 homes were sold in the region last month, a 362 per cent increase from the 2,957 properties sold during the prior April, which was the first full month of the COVID-19 pandemic. However, home sales in April were down 12.7 per cent from 15,652 in the month prior. While sales remained strong, TRREB president Lisa Patel called them a “marked slowing” and said they signal a pullback in activity in a market that has been overheating since last year, despite the ongoing health crisis.
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