TREB April Market Update

TREB has issued a market update for the period covering April 1 to April 17, 2020.

Highlights:

• The volume of transactions decreased drastically
• For all homes the price the YOY price declined 1.5%
• TREB anticipates a rebound after the lock down is lifted

Our comments:

• The volume decrease was expected as both buyers and seller are staying on the side lines
• The overall average price decline was partially caused by significant drop in sales in the higher end of the market
• Specific market segments should be analyzed to determine the price change on the average price for the specific segment or a property of interest.