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.

Infrastructure Transport

19 Dec 2025

Tripura Rail Survey Approved For Jirania–Bodhjung Link

The Ministry of Railways has approved a Final Location Survey (FLS) for a proposed new railway line between Jirania and Bodhjung Nagar in Tripura. The planned section will span 14 km and is estimated to cost around Rs 4.2 million, with the entire alignment located within West Tripura district. The approval marks a key step towards strengthening railway infrastructure and supporting industrial growth in the state. Bodhjung Nagar is Tripura’s principal industrial and commercial hub, developed mainly for resource-based industries such as rubber, bamboo and food processing. The proposed Jirania..

MCF Raebareli Rolls Out Its 15,000th Passenger Coach

The Modern Coach Factory (MCF) in Raebareli, Uttar Pradesh, has reached a major production milestone with the manufacture of its 15,000th passenger coach on December 15, the Ministry of Railways said. During the current financial year 2025–26, the unit has produced a total of 1,310 coaches so far. Established in 2007 at Lalganj in Raebareli, MCF is among India’s most advanced passenger coach manufacturing facilities. Built at a cost of around Rs 31.92 billion, the factory has an installed annual capacity of 1,000 coaches and is located about 3 km from Lalganj on the Kanpur–Raebareli Roa..

RVNL Wins Gandak River Rail Bridge Contract

Rail Vikas Nigam Limited (RVNL) has received a Letter of Award from North Eastern Railway for a major railway infrastructure project valued at Rs 1.65 billion. The contract relates to the construction of the substructure for a key railway bridge over the Gandak River. The bridge will be constructed between Paniyahwa and Valmikinagar stations as part of the doubling of the Gorakhpur Cantt–Valmikinagar railway section. Designed to enhance capacity and operational efficiency, the structure will comprise 14 spans of 61 metres each and will be supported by double D-type well foundations. The des..