CORONAVIRUS DIDN'T STOP PRICE GROWTH

Toronto Real Estate Council statistics show that after a critically small number of sales in April 2020 associated with the coronavirus epidemic, when the number of transactions fell by 67% compared to April last year and some experts predicted that prices would fall, the market began to return back to normal by mid-May.

The number of sales in May increased by 55% as compared to April, and the number of objects put up for sale also increased by

48%. This clearly suggests that, as most analysts assumed, the Toronto real estate market is recovering quickly.