New construction home sales hit the lowest number for April in over 20 years, says the association that represents home builders. But the benchmark price for condos continued to rise — 29.8 per cent year over year to $739,965, but down month over month from $742,801. In April, sales of single-family homes — detached, semi-detached and townhouses — 70 per cent below the 10-year average. That put the sales of single-family homes — detached, semi-detached and townhouses — 70 per cent below the 10-year average. But the five-month inventory is still below the nine to 12 months’ supply that would indicate a healthy market, said BILD.

Source: thestar May 23, 2018 16:08 UTC