Tara Deschamps
The furious pace of home sales that kicked off the year started to slow in April as the number of homes sold that month fell by 12.5% compared with the all-time record high set in March, the Canadian Real Estate Association said Monday.
The association said 60,967 homes sold across the country last month, down from 69,702 in March, while close to 85% of all local markets, including almost all of B.C. and Ontario, saw sales declines.
However, sales in April were still a record for the month and up 256% compared with a year ago, when the onset of Covid-19 kept people out of the market.
CREA says April home sales down 12 5 per cent from record high set in March
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Toronto real estate experts call for an end to blind bidding and deception
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