Latest news with #ElechiaBarry-Sproule
New Straits Times
07-05-2025
- Business
- New Straits Times
Toronto home sales claw back some recent declines in April
TORONTO: Greater Toronto Area home sales rose in April from March but were down sharply from April last year, as homebuyers weighed trade tensions between Canada and the United States, Toronto Regional Real Estate Board data showed on Tuesday. Seasonally adjusted sales were up 1.8 per cent on a month-over-month basis at 4,267 units, marking a modest recovery after declines of 4.2 per cent in March and 24.3 per cent in February. The average selling price fell 0.7 per cent to C$1,065,687 (US$771,007.81). It was the fifth month in the last six of falling prices. On a year-over-year basis, sales declined 23.3 per cent and the average selling price was down 4.1 per cent. "Following the recent federal election, many households across the GTA are closely monitoring the evolution of our trade relationship with the US," TRREB President Elechia Barry-Sproule said in a statement. "If this relationship moves in a positive direction, we could see an uptick in transactions driven by improved consumer confidence and a market that is both more affordable and better supplied." The Greater Toronto Area includes Toronto, Canada's most populous city, and four surrounding regional municipalities. Canadian Prime Minister Mark Carney, whose Liberal Party won last week's general election, is due to meet US President Donald Trump in Washington on Tuesday. Canada sends about 75 per cent of its exports to the US, including steel, aluminum and autos, which have been hit with hefty US tariffs. Seasonally adjusted new listings fell 0.7 per cent in April from March to 15,214 units. On a year-over-year basis, new listings climbed 8.1 per cent.
Toronto Sun
06-05-2025
- Business
- Toronto Sun
Toronto-area home sales fall in April as buyers wait out trade uncertainty: TRREB
New properties listed in the GTA last month were up compared with last year Published May 06, 2025 • Last updated 6 minutes ago • 1 minute read A home for sale in the Cabbagetown neighbourhood of Toronto. Photo by Toronto Sun files Home sales in the Greater Toronto Area were down 23.3 per cent in April amid continued uncertainty over the economy. This advertisement has not loaded yet, but your article continues below. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. SUBSCRIBE TO UNLOCK MORE ARTICLES Subscribe now to read the latest news in your city and across Canada. Unlimited online access to articles from across Canada with one account. Get exclusive access to the Toronto Sun ePaper, an electronic replica of the print edition that you can share, download and comment on. Enjoy insights and behind-the-scenes analysis from our award-winning journalists. Support local journalists and the next generation of journalists. Daily puzzles including the New York Times Crossword. REGISTER / SIGN IN TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK. Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account Share your thoughts and join the conversation in the comments Enjoy additional articles per month Get email updates from your favourite authors Don't have an account? Create Account The Toronto Regional Real Estate Board says 5,601 homes were sold last month, compared with 7,302 in April 2024, while sales were up 1.8 per cent from March on a seasonally adjusted basis. The board says 18,836 new properties were listed in the GTA last month, up 8.1 per cent compared with last year. TRREB president Elechia Barry-Sproule says if the trade relationship between Canada and the U.S. improves following last week's federal election, there could be an uptick in home sales driven by higher consumer confidence, combined with a market growing to be more affordable and better supplied. The average selling price decreased 5.4 per cent compared with a year earlier to $1,107,463, and the composite benchmark price, meant to represent the typical home, was down 4.1 per cent year-over-year. Active listings hit 27,386 last month, up 54 per cent from April 2024's inventory of 17,783 units.
Yahoo
06-05-2025
- Business
- Yahoo
TRREB: Preconditions for Housing Rebound in Place Once Economic Confidence is Restored
Toronto Regional Real Estate Board TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- April home sales followed the regular seasonal trend with an increase relative to March. However, total residential transactions in the Greater Toronto Area (GTA) were down compared to the same time last year, as potential buyers continue to wait for lower borrowing costs and for certainty about the trajectory of the economy. 'Following the recent federal election, many households across the GTA are closely monitoring the evolution of our trade relationship with the United States. If this relationship moves in a positive direction, we could see an uptick in transactions driven by improved consumer confidence and a market that is both more affordable and better supplied,' said TRREB President Elechia Barry-Sproule. GTA REALTORS® reported 5,601 home sales through TRREB's MLS® System in April 2025 – down by 23.3 per cent compared to April 2024. New listings in the MLS® System amounted to 18,836– up by 8.1 per cent year-over-year. On a seasonally adjusted basis, April home sales edged up month-over-month compared to March 2025. The MLS® Home Price Index Composite benchmark was down by 5.4 per cent year-over-year in April 2025. The average selling price, at $1,107,463, was down by 4.1 per cent compared to April 2024. On a month-over-month seasonally adjusted basis, the average selling price was down. 'Inventory levels remained elevated historically in April, pointing to substantial choice for households looking to purchase a home in the GTA. Buyers took advantage of this choice when negotiating purchase prices, which resulted in a lower average price across market segments compared to last year. Lower prices coupled with lower borrowing costs translated into more affordable monthly mortgage payments,' said TRREB Chief Information Officer Jason Mercer. 'Right now, resale housing supply is increasing in the GTA. However, as demand picks up and the population continues to grow with immigration, we will need to build more homes. Pre-construction sales have trended lower over the past year and therefore we will continue to see fewer housing starts. This means the supply pipeline will ultimately run dry. TRREB will be continuing to work with all levels of government on initiatives that promote fair and equitable taxation, reduce barriers for first-time homebuyers, and expand housing supply options throughout the province,' said TRREB CEO John DiMichele. Please note: The PropTx MLS® System, of which TRREB is a part, has added a number of new client boards over the last year. Many of these boards' Members trade within the Greater Toronto Area and broader Greater Golden Horseshoe regions. As a result, historic data have been updated to reflect the addition of these boards' listings and transactions. This means historic data have changed relative to previously published static reports. To view updated historic data, click here. April 2025 April 2025 April 2025 Year-to-Date 2025 Year-to-Date 2025 April 2025 READ THE FULL REPORT
Yahoo
06-05-2025
- Business
- Yahoo
Toronto home sales claw back some recent declines in April
By Fergal Smith TORONTO -Greater Toronto Area home sales rose in April from March but were down sharply from April last year, as homebuyers weighed trade tensions between Canada and the United States, Toronto Regional Real Estate Board data showed on Tuesday. Seasonally adjusted sales were up 1.8% on a month-over-month basis at 4,267 units, marking a modest recovery after declines of 4.2% in March and 24.3% in February. The average selling price fell 0.7% to C$1,065,687 ($771,007.81). It was the fifth month in the last six of falling prices. On a year-over-year basis, sales declined 23.3% and the average selling price was down 4.1%. "Following the recent federal election, many households across the GTA are closely monitoring the evolution of our trade relationship with the United States," TRREB President Elechia Barry-Sproule said in a statement. "If this relationship moves in a positive direction, we could see an uptick in transactions driven by improved consumer confidence and a market that is both more affordable and better supplied." The Greater Toronto Area includes Toronto, Canada's most populous city, and four surrounding regional municipalities. Canadian Prime Minister Mark Carney, whose Liberal Party won last week's general election, is due to meet U.S. President Donald Trump in Washington on Tuesday. Canada sends about 75% of its exports to the U.S., including steel, aluminum and autos, which have been hit with hefty U.S. tariffs. Seasonally adjusted new listings fell 0.7% in April from March to 15,214 units. On a year-over-year basis, new listings climbed 8.1%. ($1 = 1.3822 Canadian dollars) (Reporting by Fergal Smith in Toronto; Editing by Nia Williams)
Reuters
06-05-2025
- Business
- Reuters
Toronto home sales claw back some recent declines in April
TORONTO, May 6 - Greater Toronto Area home sales rose in April from March but were down sharply from April last year, as homebuyers weighed trade tensions between Canada and the United States, Toronto Regional Real Estate Board data showed on Tuesday. Seasonally adjusted sales were up 1.8% on a month-over-month basis at 4,267 units, marking a modest recovery after declines of 4.2% in March and 24.3% in February. The average selling price fell 0.7% to C$1,065,687 ($771,007.81). It was the fifth month in the last six of falling prices. On a year-over-year basis, sales declined 23.3% and the average selling price was down 4.1%. "Following the recent federal election, many households across the GTA are closely monitoring the evolution of our trade relationship with the United States," TRREB President Elechia Barry-Sproule said in a statement. "If this relationship moves in a positive direction, we could see an uptick in transactions driven by improved consumer confidence and a market that is both more affordable and better supplied." The Greater Toronto Area includes Toronto, Canada's most populous city, and four surrounding regional municipalities. Canadian Prime Minister Mark Carney, whose Liberal Party won last week's general election, is due to meet U.S. President Donald Trump in Washington on Tuesday. Canada sends about 75% of its exports to the U.S., including steel, aluminum and autos, which have been hit with hefty U.S. tariffs. Seasonally adjusted new listings fell 0.7% in April from March to 15,214 units. On a year-over-year basis, new listings climbed 8.1%. ($1 = 1.3822 Canadian dollars)
