【Bloomberg】Toronto Home Sales Spring Back to Highest Levels Since 2017

Toronto’s housing market came storming back in May.

Sales in Canada‘s biggest city soared 19% from the same month a year earlier to 9,989 transactions, while prices rose, the Toronto Real Estate Board reported Wednesday. While a substantial jump, sales are picking up from a 15-year low last May, and are still below the 10-year average of about 10,300 for the month.

May sales were the highest on a seasonally adjusted basis since December 2017, just before new stress tests came into place. The market took a deep dive after the government tightened mortgage lending rules in January 2018. While 2019 got off to a ‘sluggish’ start, sales picked up in the second quarter and the market continues to stabilize, according to the report.

2019年6月5日 下午5:00 [GMT+8]