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Canadian home sales see record plunge in April as lockdowns bite

作者:admin 2020-05-19

TORONTO — Canadian home sales fell by a record 56.8% in April from the previous month as lockdowns to help contain the coronavirus pandemic pushed buyers and sellers to the sidelines, the Canadian Real Estate Association (CREA) said on Friday.

Transactions were down across the country, including a 66.2% drop in the Greater Toronto Area, Canada’s most populous metropolitan area.

“Like so many other parts of normal daily life, a lot of buying and selling activity in housing markets across Canada has been put on pause,” said Shaun Cathcart, CREA’s Senior Economist.

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