TREB April Market Update

Thursday Apr 23rd, 2020

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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.

 


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