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Toronto and Vancouver Home Sales Sink. Mortgage Activity Expected to Follow

Housing crash.jpg
The first official housing stats for April are in, and they’re not good.April was the first full month of COVID-19 lockdowns. During that time:In the Greater Toronto AreaHome sales plunged 67% year-over-year to just 2,975New home listings plummeted 69% year-over-yearIn the Greater Vancouver AreaHome sales sank 39.4% to a measly 1,109, their lowest level in nearly 40 yearsNew home listings ... Continue reading »