June 23, 2021
Real Estate

LACKIE: Real estate market may be experiencing a moment of reprieve

But last month was still the strongest April on record

Article content

This week TRREB released the April market report and the numbers serve up lots to chew on, particularly because it’s the first month where we have true year-over-year data to reveal how our real estate market has fared in the wake of COVID-19.

The first full month under lockdown, April 2020’s sales numbers were horrendous. So it is that bit of context that is critical to bear in mind when we learn that April 2021 experienced a 362.1% year-over-year increase in new listings and a 237% bump in properties sold.

For all of those screeching that the market is officially bonkers, surely this is some data…

Read full article…