A ‘weird’ March shows real estate market still off balance
If you ask realtors and economists, they’ll tell you the spring real estate market has been surprisingly robust compared to expectations. It’s only when you zoom in on submarkets that the more troubling trends appear.
For example, the Toronto Regional Real Estate Board (TRREB) reported just 647 detached home sales in the city of Toronto in March, 2024 – that’s the lowest number of detached home sales in any March in at least 25 years; lower than any March on TRREB’s publicly available MarketWatch archive, which only goes back to 1996.
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