Toronto April home price gains slow, new listings increase
Data indicates the market may be cooling after the Ontario government imposed new measures to curb runaway gains
Toronto
TORONTO home price gains slowed in April and new listings soared the most in seven years, signalling that the red-hot market may be cooling after the Ontario government imposed new measures to curb runaway gains in Canada's biggest city.
Housing prices jumped 25 per cent last month from a year earlier, down from the 33 per cent annual increase in March. The average price of C$920,791 (S$939,311) in April was just 0.5 per cent higher than in March, according to figures from the Toronto Real Estate Board.
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