GTA home sales dropped 23.3% in April year-over-year, with new listings up 8.1%, causing prices to fall. The Home Price Index fell 5.4%, and average prices dipped 4.1% to just over $1.1 million. Detached, semi-detached, townhouse, and condo sales all declined sharply. Trade tensions between Canada and the US are a major factor, dampening buyer confidence despite recent interest rate cuts. Supply concerns persist amid slowing new construction.
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