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Toronto Real Estate Market Update: Key Trends and Insights for April 2023
Posted by Maryann Quenet on
Toronto Real Estate Market Update: Key Trends and Insights for April 2023
The Toronto housing market has experienced its fair share of ups and downs over the past year, with volatile home prices and rising mortgage rates. However, recent home sales data indicates that this spring could be a promising season for buyers as well as sellers.
What happened in March 2023?
The Toronto real estate market experienced a massive shift between March 2022 and March 2023. While the home prices were significantly lower year-over-year, there was an improvement in sales and prices month-over-month.
According to the latest report from Toronto Regional Real Estate Board (TRREB), the average home price reached a high of $1,298,666 in March 2022.…
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