Homebuyers returned to the Greater Toronto Area market in April with sales rising 7% to 5,946 and new listings falling 9.3% to 17,097. Active listings declined 6.4%, while prices remained below last year, with the average selling price down 4.9% to $1,051,969. Lower prices and borrowing costs improved affordability, encouraging buyers despite ongoing market caution. Calls for policy reforms aim to increase housing supply and affordability.
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