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Toronto Real Estate Market Update: Prices Rise as Sales Fall
Reported sales for the month of May are down for another month, however Toronto Real Estate Board president Ann Hannah remains optimistic.
“The sales picture in the GTA has improved markedly over the past two months. While the number of transactions in April and May remained below last year’s levels, the rate of decline has been much smaller. A growing number of households who put their decision to purchase on hold as a result of stricter lending guidelines are starting to become active again in the ownership market.”
Toronto Housing Market Infographic - May 2013
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Source: TREB Market Watch June 5, 2013