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

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..