March home prices in Toronto area slid from February, but still up from last year: TRREB
“If this trend continues, it is possible that the pace of price growth could moderate as we move through the year.”He and TRREB pointed out that last month’s sales bucked seasonal trends by sliding to 10,955, down 30 per cent from 15,628 a year ago.
“There still is not enough supply to satisfy current buyer demand,” said Toronto broker Cailey Heaps, in an email, ahead of TRREB’s release.“The end-of-March increase in supply that happens every year will help, but demand still outpaces supply. I expect April sales will remain strong.”
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