Like the entire Canadian economy the Toronto and area real estate market was crushed by the emergency lockdown measures that saw the closure of most businesses. Yet, as April drew to an end, buyers (those still in the market) and sellers began adjusting to the restrictive safety showing protocols and activity, albeit marginal, began to increase. Surprisingly average sale prices, although off from pre-March 15th highs, hold firm. Expect modest increased sales in May, with some higher priced properties selling as well.
Click April 2020 Toronto Market Report to view the full report by our President and CEO, Chris Kapches.