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Sales have all but disappeared, but surprisingly prices remain steady. The Canadian Real Estate Association said today that home sales have fallen 56 percent from the May's levels. This makes April the worst month for home sales since 1984.
Home sales recorded over Canadian MLS® Systems dropped by a record 56.8% in April 2020 compared to an already weakened March, with a majority of sellers and buyers having seemingly moved off to the sidelines during the COVID-19 lockdown. - CREA
If the market slowdown is making you consider your options as a Real Estate Professional, contact us to see how we can help!