Toronto home sales drop for third consecutive month

07 May 2024 CW Team

Toronto's housing market witnessed a decline in home sales for the third consecutive month in April, signalling a cooling trend in the city's real estate sector. The decrease in home sales reflects various factors impacting buyer demand and market dynamics amidst evolving economic conditions.

According to recent data, home sales in Toronto registered a notable drop in April, continuing the downward trend observed in the previous months. This decline comes amid ongoing concerns about affordability, mortgage stress tests, and economic uncertainty, influencing buyer sentiment and purchasing behaviour.

The reduction in home sales activity is indicative of a more balanced market environment, with buyers exercising caution and sellers adjusting their expectations accordingly. The slowdown in sales indicates a shift towards a more sustainable pace of growth, alleviating concerns about overheating and speculative behaviour in the housing market.

Factors such as rising mortgage rates, supply constraints, and affordability challenges contribute to the moderation in home sales activity in Toronto. While the market remains resilient, the gradual slowdown in sales reflects a recalibration of demand and supply dynamics, offering opportunities for prospective buyers and investors.

Despite the decline in home sales, Toronto's real estate market remains fundamentally strong, supported by robust demand fundamentals and long-term growth prospects. The moderation in sales activity presents an opportunity for market participants to reassess their strategies and adapt to changing conditions, ensuring a healthy and sustainable housing market in the long run.

Real Estate

01 Sep 2025

Pidilite PPS Sets New Standards in Hospitality Construction

In the fast-paced world of hospitality, where every surface tells a story and every detail impacts the guest experience, Pidilite Professional Solutions (PPS) is emerging as a trusted partner for performance-driven construction. Built on Pidilite’s legacy of customer-centric innovation, PPS offers tailored solutions that go far beyond materials—delivering expertise, accountability, and assurance from design to execution.PPS is a natural extension of how Pidilite has always worked—through deep insight into customer needs and by designing fit-for-purpose solutions. Pidilite’s brands..

Rs 2.82 Billion Approved for NH-48 Flyovers, Footbridges

Gurugram’s section of National Highway 48 is set for a significant infrastructure upgrade, with the Central Government approving Rs 2.82 billion for the construction of four flyovers and nine foot overbridges along the Gurgaon–Kotputli–Jaipur corridor. This initiative aims to ease congestion, improve commuter safety, and boost regional connectivity, according to officials.The planned flyovers will be built at Panchgaon Chowk, Rathiwas, near the Hero Company, and Sahlawas. The nine foot overbridges will be constructed at Shikhopur, Manesar, Binola, Rathiwas, Malpura, Jaisinghpurkhera, Sid..

VSL Wins Rs 810-Cr O&M Deal for 810 MWp NGEL Solar Assets

VSL Renewable Services has secured a Rs 810 crore operation and maintenance (O&M) contract for 810 MWp of NTPC Green Energy’s (NGEL) solar power projects spread across Andhra Pradesh, Madhya Pradesh, and Rajasthan. The contract duration is 36 months.The tender, issued in January 2025, was divided into two lots: Lot 1 for 1,054 MWp and Lot 2 for 810 MWp. VSL emerged as the lowest bidder in both categories, but was awarded only Lot 2 in accordance with NTPC’s tender guidelines.Advanced Monitoring and Tailored StrategiesThe O&M scope will employ artificial intelligence and Internet of..