Toronto home prices post sharpest drop since start of the pandemic

Author: Ebrahim Haghighi Licensed Mortgage Broker | May 19, 2021 | Categories: Business Loans , Commercial Real Estate , Credit Consulting , Debt Consolidation , First-Time Home Buyer Mortgage , Home Equity Line of Credit , Mortgage Broker , Mortgage Professional , Mortgage Refinance , Mortgage Services , New to Canada Mortgage , Private Mortgage , Realtor , Residential Real Estate , Self-Employed Income

The number of properties changing hands in Toronto declined 20% in April. Toronto’s housing market last month posted the sharpest drop since the start of the COVID-19 pandemic, as buyers and sellers took a breather from a frenetic pace amid surging infections and renewed lockdown measures.

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Original Article Source Credits: financialpost, https://financialpost.com

Article Written By: Ari Altstedter

Original Article Posted on: May 05, 2021

Link to Original Article: https://financialpost.com/real-estate/toronto-home-prices-post-sharpest-drop-since-start-of-pandemic