Signs of life in Toronto housing as sales surge 53% from April
Activity in Canada’s largest housing market warmed up in May after going into a deep freeze at the onset of the COVID-19 pandemic, and the local real estate board says the momentum should continue so long as there aren’t setbacks in re-opening the economy.
There were 4,606 property sales across the Greater Toronto Area in May, according to the Toronto Regional Real Estate Board (TRREB). While that was less than half the number of sales registered a year earlier, it was a 53.2 per cent rebound from April.
Original Article Source Credits: BNN Bloomberg , https://www.bnnbloomberg.ca/
Article Written By: Noah Zivitz, BNN Bloomberg
Original Article Posted on: Jun 3, 2020