Saturday, April 18, 2009

Toronto housing market shows signs of recovery

There are signs that life is returning to Toronto's depressed real estate market.

Numbers released Friday show only slightly fewer homes were sold in Toronto during the first two weeks of April 2009 compared with April 2008.

There were just under 1,500 homes sold in the first half of the month — or about one per cent fewer than the same two weeks last year.

"In lock-step with the favourable March results, resale housing market conditions in the first half of April were markedly improved compared to the winter time," said Toronto Real Estate Board president Maureen O’Neill in a prepared statement.

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