OTTAWA – The Canadian Real Estate Association says home sales cooled in April after setting a record the previous month.
The industry trade group says home sales over the MLS system fell 1.7 per cent last month compared with March.
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The decline was led by the Greater Toronto Area, and sales were down in nearly two-thirds of all local markets across the country.
READ MORE: Canadian home sales hit record high in March, with gains in over half of local markets
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Compared with a year ago, sales in April were down 7.5 per cent across Canada.
The actual average price for a home sold last month was $559,317, up 10.4 per cent from a year ago, boosted by the Greater Vancouver and Greater Toronto markets.
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